India Inc Urged to Ignite Fresh Investment Wave

Financial Services Secretary M Nagaraju has made a compelling case for a new investment cycle in India, underscoring its significance for the current economic climate. He urged corporations, which he noted are experiencing robust balance sheets, to enhance their investments.

Nagaraju praised government efforts, citing extensive spending and policy reforms, during his address at the NaBFID annual conclave on infrastructure investing. He stressed that nurturing a fresh cycle of investments is critical for sustaining economic momentum and fostering collective growth.

Despite uncertainties, Nagaraju highlighted the Indian economy's resilience, pointing to a 7.8% GDP growth in recent quarters. He called on NaBFID to introduce innovative financial instruments to aid banks and focus on urban water management. Meanwhile, PFRDA Chairman Sivasubramanian Ramann highlighted political and execution risks deterring investors from infrastructure projects.

(With inputs from agencies.)