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‘Viksit Bharat depends on Viksit Rajya’: CEA calls for more private capital, higher state capex

💰 CEA Tells States To Open Their Wallets

Published by OOPSONLINE.IN · Source: The Economic Times · 1 min read · · Updated

💀 OOPS SAYS

Nothing says "teamwork" quite like setting a massive national development goal and then immediately turning to the states and the private sector to ask for their credit cards.

What actually happened

Chief Economic Adviser V Anantha Nageswaran said India will need greater private-capital participation to finance its development ambitions towards 2047, urging states to create an investment-friendly ecosystem and strengthen capital expenditure. At a two-day conference on financing Viksit Bharat, Nageswaran said, “Viksit Bharat depends on Viksit Rajya”, while discussions also focused on savings, agriculture, energy transition, technology and fiscal resilience.

Key points

  • Chief Economic Adviser V Anantha Nageswaran said India will need greater private-capital participation to finance its development ambitions towards 2047, urging states to create an investment-friendly ecosystem and strengthen capital expenditure.
  • At a two-day conference on financing Viksit Bharat, Nageswaran said, “Viksit Bharat depends on Viksit Rajya”, while discussions also focused on savings, agriculture, energy transition, technology and fiscal resilience.

Summary based on data provided by The Economic Times. Full article available at the original publisher.

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  • #viksit
  • #bharat
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