ArdorComm Media News Network
August 13, 2026
Union Finance Minister Nirmala Sitharaman has said that public investment should help unlock private investment rather than replace it, stressing the need for greater private capital participation across BRICS economies.
Speaking at a seminar in Jaipur on the New Development Bank’s role in mobilising private investment in BRICS nations, Sitharaman said the grouping’s economies are among the key drivers of global economic growth. However, she noted that attracting private capital remains a significant challenge.
The Finance Minister emphasised that access to capital alone is not enough. Building investor confidence, ensuring economic stability and maintaining a predictable, long-term policy environment are equally important to encourage investment.
She also underlined the role of multilateral development banks in reducing investment risks, improving the financial viability of projects and boosting investor confidence, which can help attract private capital at scale.
Highlighting India’s experience, Sitharaman said the government has expanded infrastructure development through sustained public capital expenditure and structural reforms.
New Development Bank President Dilma Rousseff also spoke at the seminar.
Earlier, Economic Affairs Secretary Anuradha Thakur said greater participation from private capital is increasingly important amid the evolving global economic environment.
The seminar forms part of the BRICS Finance Ministers and Central Bank Governors’ meeting in Jaipur, being held under India’s BRICS Chairship 2026. The meeting aims to deepen cooperation among member countries on key global economic and financial matters.
Source: News on AIR