The Union budget 2015 needs to have a roadmap to handhold Asia’s third largest economy on a investment-led growth path, Sushil Muhnot, chairman and managing director of state-run lender, Bank of Maharashtra, told Firstpost in a pre-budget interaction.
If the government manages to encourage individuals to invest in financial assets, this money can be, in turn, channelized to fill the investment gap in infrastructure sector, Muhnot said.
Muhnot also stressed the need for enhanced foreign direct investment limit and sector specific policies to push infra funding.
“Infra funding push can only happen through a policy which is clearly designed for each sector,” Muhnot, who was previously heading Small Industries Development Bank of India, said.
“Once we have a clear cut frame work, we can make capital available,” he said.
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Updated Date: Feb 20, 2015 14:27:15 IST