‘Economic growth and employment creation with new investment policy’

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Prime Time Zone, Webdesk: Public Investment Secretary Tuhin Kanta Pandey said the government’s new investment policy was aimed at boosting economic growth and job creation without filling a wide-ranging fiscal deficit. He made the remarks as there was a large-scale debate on privatization of public sector undertakings in Budget-2021. He noted that revenues were affected by the increase in government spending amid the corona epidemic, which led to a huge deficit. He believes the government will complete the 1991 liberalization reforms with the latest privatization.

‘We are in a new phase right now. Investment and Public Asset Management (Deepam) Secretary Tuhin Kanta Pandey explained that investor sentiment had waned last year due to uncertainty in the wake of the corona virus epidemic and now investments are starting to come in. He said the new investment policy was not a resource-based approach but would boost growth. However, for the coming financial year, Rs. He said the government investment target was Rs 1.75 lakh crore.

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