Union Finance Minister Nirmala Sitharaman with Bangalore Chamber of Industry and Commerce President T R Parasuraman during a post-Budget interactive session with industry leaders, in Bengaluru on Sunday. (PTI)
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 the Finance Minister, the coronavirus vaccine was a big example of government-private partnership. To be a world leader with that specific India touch, which is more humane, which is more about bringing everybody together, which is peaceful, which actually wishes that the world progresses for everybody’s good,” she told the gathering.
“If that is the way India approaches its responsibility, that will be incomplete unless the Government plays the role, it is expected to play the facilitator and unless the private sector plays the role of a key driver. So that’s the message this budget has talked about, the Finance Minister said. Sitharaman said the Budget was about setting the path for the decade.