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Private investment, states key to achieving Viksit Bharat goal: EAC-PM chairman
Business Standard
|November 01, 2025
Stronger private investment and active role of states are key to sustaining India’s growth momentum and taking the country towards the Viksit Bharat 2047 goal, S Mahendra Dev, the chairman of the Economic Advisory Council to the Prime Minister (EAC-PM) said on Friday.
To achieve the 2047 targets, Dev outlined the need for sustained real GDP growth of 7-8 percent and an increase in the investment rate to 34-35 percent.
“Private sector investment is critical. There is no problem of capital availability. Both banks and corporates are doing very well, their balance sheets are in good shape,” Dev said.
He was delivering the inaugural Distinguished Person Lecture organised by the Institute for Studies in Industrial Development (ISID).
Dit verhaal komt uit de November 01, 2025-editie van Business Standard.
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