3 weeks ago

Sitharaman: Public capital must catalyze, not replace, private investment

Sitharaman: Public capital must catalyze, not replace, private investment
Public capital must catalyse private investment, not substitute it, says FM Sitharaman · livemint.com

There is a very important person in India who takes care of the country's money.

Her name is Nirmala Sitharaman.

She gave a speech in a city called Jaipur.

She said the government should help businesses start big projects but should not pay for everything.

Businesses also need to use their own money.

The government has special plans to help build roads, railways, and ports.

To get more money, the government sold a small part of some big companies it owns, like a life insurance company and a coal company.

She said banks that work across many countries can make projects safer for businesses.

Many countries in a group called BRICS have the same problem of getting businesses to invest.

The government plans to spend a very large amount of money, about 12.22 trillion rupees, on building things this year.

That is more than last year.

Key facts

Finance Minister
Nirmala Sitharaman
Event
Seminar on The Role of the New Development Bank in Mobilizing Private Capital in Member Countries, sidelines of BRICS Finance Ministers' and Central Bank Governors' meeting
Location
Jaipur, India
Disinvestment raised in 2026-27
₹52,716.02 crore
LIC stake sale
6.5% stake for ₹31,514.89 crore
Other disinvestment receipts
₹5,542.36 crore from Coal India Ltd; ₹4,357.36 crore from NHPC Ltd
Budgeted capital expenditure FY27
₹12.22 trillion, 11.5% higher than FY26 revised estimate of ₹10.96 trillion
Key reforms cited
Viability gap funding, hybrid annuity model, credit enhancement, InvITs, National Infrastructure Pipeline, PM Gati Shakti

Sources

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