The current government's strategy is to make the public sector the engine of the country's development rather than the private sector
- There are many reasons why the private sector is moving away from investing There was a time when the current ruler was interested in private sector led development. It was claimed that the government would step down and play the role of director where necessary. Confidence in the private sector has now waned and the emphasis is on government-led development. Special emphasis has been laid on government capital expenditure in the budget for the financial year 206-2. Gears changed The country's finance minister claimed that the government had spent more capital than estimated in 2021-22. The revised figure of capital expenditure has been set at Rs 2,09,611 crore against the budget estimate of Rs 2,3,8 crore. However, after reading the fine print, something different was seen. The revised figures include Rs 4,151 crore deposited in Air India. The money was sent to pay off its previous loans and liabilities before the privatization of Air India. I don't know if repaying a ...