Key Points
Private capital needs to step up for Indias growth to accelerate further as the country cements its position as the growth engine to the world, chief economic advisor V Anantha Nageswaran said Friday...
India's growth engine can now become faster and accelerate if the much-awaited private capital formation kicks into higher gear, Nageswaran said at Ficcis 96th annual general meeting and annual convention...
The private sector needs to step up to the plate and carry the baton along because public investment was used to maintain growth amidst strained balance sheets; that phase, which began in FY18, is now coming to a logical close, and from FY24 and FY25 onwards, private capital formation is one tool we are looking forward to rev up the growth engine, he added...
The CEA said that ensuring access to critical technologies and resources and making energy security a reality were some structural constraints that needed to be addressed, and the government was trying to address them; for the private sector, the choke point was more psychological...
He highlighted that while regulators needed to balance facilitating business with regulation, the private sector needed to be prudent in its approach and not skirt the rules.. (Catch all the Business News, Breaking News Events and Latest News Updates on The Economic Times.)..
