The finance minister may insist that private investment is picking up, but official data shows otherwise. In fact, an increasingly frustrated government could further put off investors.
“Is it like Hanuman?” said finance minister Nirmala Sitharaman exactly a year ago at the Mindmine Summit while addressing India Inc. “You don’t believe in your own capacity, in your own strength and there has got to be someone standing next to you and say, ‘you are Hanuman, do it’? Who is that person who’s going to tell Hanuman? It can’t certainly be the government.”
On the face of it, it seems businesses have taken note. Lately, Sitharaman has said that the desired private investment has happened, or so she claimed last week, “That’s the feeling I got and …
Ujval leads our Business vertical at The Morning Context. In a corporate career spanning 14 years, he has worked across startups, consulting firms, multinational corporations and large Indian companies, including India Infoline, ICICI, KPMG, Tata Steel and Jubilant Pharma. Ujval has been a freelance writer and trainer for eight years, with bylines in Forbes India and The Economic Times.
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