📷 Image: Wikimedia Commons / Government of India
Business
PM’s Principal Secretary Calls for Broader Capital Base to Finance India’s Growth
✍️ BW Businessworld
🗓 27 Sep 2026, 06:19 PM
👁 14
The Prime Minister’s Principal Secretary has warned that banks alone cannot meet India’s financing needs, urging the creation of a wider capital base.
The Prime Minister’s Principal Secretary delivered a statement at a recent policy briefing, emphasizing that banks alone cannot finance India’s projected growth trajectory.
He pointed out that the country’s infrastructure and industrial expansion require a more diversified funding mix, as the current banking sector faces capacity constraints and regulatory limits.
The official urged the government to strengthen equity markets, corporate bond issuances, and foreign direct investment channels to broaden the capital base.
In response, the Finance Ministry has announced a review of capital market reforms to facilitate greater participation from institutional investors and to streamline regulatory processes.
He pointed out that the country’s infrastructure and industrial expansion require a more diversified funding mix, as the current banking sector faces capacity constraints and regulatory limits.
The official urged the government to strengthen equity markets, corporate bond issuances, and foreign direct investment channels to broaden the capital base.
In response, the Finance Ministry has announced a review of capital market reforms to facilitate greater participation from institutional investors and to streamline regulatory processes.