Govt facilitator, pvt sector driver of growth: FM

Bengaluru: Union finance minister Nirmala Sitharaman on Sunday said the Union Budget is about the role of government as a facilitator and the private sector as a key driver of economic growth, without which the country would be losing a big opportunity. “The most important component or input required here is the participation of the private sector. Unless the private sector is energised enough, unless it is facilitated enough, India is just losing a very big opportunity,” Ms Sitharaman said.

Bengaluru, Feb. 21: Finance minister Nirmala Sitharaman on Sunday said the Union Budget 2021-22 is about the role of government as a facilitator and the private sector as a key driver of economic growth, without which the country would be losing a big opportunity.

The most important component or input required here is the participation of the private sector. Unless the private sector is energised enough, unless the private sector is facilitated enough, India is just losing a very big opportunity, she said here during an interactive session organised by the Bangalore Chamber of Industry and Commerce.

Sitharaman underlined that the nation's growing and aspiring needs and demands across the various sectors cannot be served just by the state government and central governments put together.

According to her, the coronavirus vaccine was a great example of government-private partnership.