Pvt Capital Crucial for Sustainable Development, Says FM Sitharaman

Finance Minister Nirmala Sitharaman on Monday underlined the crucial role of private capital in driving sustainable development, saying it is both an urgent necessity and a significant opportunity.

- OUR CORRESPONDENT

NEW DELHI:

Addressing the Leadership Summit of the International Business Forum at Sevilla, Spain, she said that private investment is a catalytic force, unlocking capital, boosting productivity, fostering innovation, and introducing technological rigor—all essential for inclusive, sustainable economic growth, according to an official statement.

In an era of volatile FDI flows and mounting global uncertainty, she said private capital has emerged as an increasingly important source of development finance.

"In recent years, we have witnessed encouraging growth in private investment, supported by the rise of innovative financial instruments alongside traditional sources. However, private capital mobilization remains significantly below what is required, with low- and middle-income countries receiving a disproportionately small share," she said.