Private financing critical for Viksit Bharat goal: Economic Affairs Secy

Achieving India's 'Viksit Bharat' vision will require critical private sector investment, as public expenditure alone cannot bridge the massive financing gap, Economic Affairs Secretary Anuradha Thakur said on Friday.

Speaking at a conference of finance ministers and finance secretaries of states and Union Territories, Thakur highlighted the sovereign rating upgrades from major international rating agencies received by India over the past one-and-a-half years, and said such global recognition underscores India's growing economic strength, improving business climate, and strengthening position in the global investment landscape.

Stating that India holds "firm promise" to move forward on the already achieved goals and scale new heights, he said Centre-state partnership on policy issues, on tapping financial sources, and on implementation can spearhead towards Viksit Bharat decisively.

"We know that we meet today in the backdrop of ongoing global difficulties.

Under these circumstances