Mobilising private capital development imperative, says FM

Mobilising private capital is a development imperative, Union finance minister Nirmala Sitharaman said on Monday, proposing a seven-point strategy to achieve this goal, including improved international credit rating methodologies reflecting structural strengths and long-term resilience of emerging economies like India.

- Rajeev Jayaswal

NEW DELHI:

"Private investment is a catalytic force—unlocking capital, boosting productivity, fostering innovation, and introducing technological rigor—all essential for inclusive, sustainable economic growth," she said in her keynote address at fourth International Conference on Financing for Development organized by the UN in Seville, Spain. She is leading an official delegation to Spain, Portugal and Brazil from June 30 to July 5.

In recent years, we have witnessed encouraging growth in private investment, supported by the rise of innovative financial instruments alongside traditional sources, she said.