India's long-term growth prospects embedded in public capital expenditure programmes: FM Nirmala Sitharaman
The Hindu
Finance Minister Nirmala Sitharaman while attending the third G20 Finance Ministers and Central Bank Governors meeting hosted by Indonesia in Bali, said evidence-based policy making is vital for resilient economic systems.
Finance Minister Nirmala Sitharaman on July 15 said India's long-term growth prospects are embedded in public capital expenditure programmes.
Ms. Sitharaman, while attending the third G20 Finance Ministers and Central Bank Governors (FMCBG) meeting hosted by Indonesia in Bali, also said evidence-based policy making is vital for resilient economic systems.
Far apart: On Jaishankar-Wang Yi meeting on the sidelines of G20 summit
The government has laid emphasis on capital expenditure to push economic growth hit by the pandemic. It is expected that the increase in public spending would crowd in private investment.
Ms. Sitharaman raised capital expenditure (capex) by 35.4% for the financial year 2022-23 to ₹7.5 lakh crore to continue the public investment-led recovery of the pandemic-battered economy. The capex last year was ₹5.5 lakh crore.
"Reflecting on India's #growthstory, FM shared that India's long-term growth prospects are embedded in public #CapitalExpenditure programmes, & #EvidenceBased #PolicyMaking is vital for resilient economic systems," the Finance Ministry said in a tweet.
Flight AI177 will depart Bengaluru at 1.05 p.m. and arrive at London Gatwick at 7.05 p.m. (local time). From London Gatwick, flight AI178 will depart at 8.35 p.m. (local time) and arrive in Bengaluru at 10.50 a.m. (next day arrival). From Bengaluru, the flight will operate on Mondays, Wednesdays, Thursdays, Fridays and Sundays.