The Finance Minister asked the industries to join ‘Team India’ and increase investment

New Delhi: Finance Minister Nirmala Sitharaman The private sector was asked to join on Monday.Team IndiaAnd increase their investment in line with the government’s capex push and help the country maintain its tag of the world’s fastest growing major economy in the years to come.
In the next financial year, the government’s capital expenditure (capex) will increase by 35% to Rs. Stressing that it would be Rs 7.5 lakh crore, she hoped that the emphasis on public investment in infrastructure would increase the crowd of private investors.
“I think this is the right time for private investments, to increase your capabilities, to build new capabilities, to reduce the corporate tax before the epidemic … I would appeal to you not to let this opportunity go,” Sitaram said. Here at the PHD Chamber post-budget event.
The government estimates that the Indian economy will grow by 9.2 per cent in the current financial year. For the next financial year, growth is expected to be 8-8.5 per cent in the Finance Ministry’s Economic Survey.
Some agencies have estimated that India will be the fastest growing major economy in the world in the current and next financial year.
When International Monetary Fund The IMF has projected India’s growth rate to be 9 per cent in both the current financial year and FY23.
Sitaram asked the industry leaders to do their “best and join” Team India and ensure that the country is indeed the fastest growing economy this year, next year and for many years to come.
“If India is going to be the fastest growing economy among the big economies, I am sure it will be because you have come forward, I am sure it will be because India as a team – public and private – has to work together. The government alone cannot do that, “said Sitharaman.


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