Overview
- India’s industry body seeks deeper divestment of public sector enterprises and clearer plans to reduce government stakes in public sector banks, including scope for consolidation.
- It proposes a dedicated Green Bank or climate finance facility to mobilise private capital for renewables, electric mobility and clean transport, citing financing needs of about $4.1 trillion through 2047.
- For MSMEs, the agenda calls for standardised SME securitisation, removal of tax and stamp-duty frictions, a government-backed credit enhancement vehicle and lower borrowing costs through interest equalisation.
- The group urges a modern bank resolution regime with higher deposit insurance, faster depositor payouts and a credible resolution funding backstop to strengthen confidence.
- Participants highlight rising data-centre needs from digital and AI-led growth and recommend a national mission against digital fraud, while noting that recent FDI easing outside the budget has already lifted inflows.