FM Sitharaman Reiterates Government’s Strong Focus On Capex, Asset Building And Fiscal Prudence In Post-Budget Talk

Finance Minister Nirmala Sitharaman has reiterated the government’s strong focus on capital expenditure, highlighting that the target for the current financial year has been raised by 10.2 per cent compared to the previous year, reported Economic Times.

Speaking at a post-budget interaction with key stakeholders from Indian industry, she underlined that the government remains steadfast in its asset-building strategy while also working to stimulate consumption.

Sitharaman stated that the government’s priority for the coming year will be to bolster consumption, as reflected in the tax relief measures introduced in Budget 2025.

However, she was quick to clarify that this would not come at the expense of capital investment, reaffirming the government’s commitment to infrastructure and long-term economic growth.

The Finance Minister also stressed the importance of power sector reforms, stating that upcoming initiatives would not only drive high energy consumption but also serve as significant employment generators.

On the insurance sector, Sitharaman revealed that the government is considering an increase in foreign direct investment (FDI) limits to foster a more competitive and expansive market.

India needs more players in insurance as the sector needs to broaden and deepen, she stated, adding that while efforts are underway to attract new entrants, consumer protection measures are also being strengthened.