 "illustration: Binay Sinha")
Finance Minister Nirmala Sitharaman’s first Budget will in times to come be seen as marking a paradigm shift in both the pace and nature of economic activity. Her Budget speech included a strong pro-private investment stance and an unequivocal admission of the critical role to be played by private enterprise in the country’s march towards a $5 trillion economy. The Budget itself contains a number of measures for spurring private investment, with the government playing a supportive role and displaying a willingness to share risks in order to make private investment more attractive and feasible.
Before detailing some of these measures,
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