16 MAY,2021 | MEDC
India’s former chief economic advisor once pointed out that a major issue with private investment in India was stigmatized capital – private sector investors being seen essentially as a problem rather than as wealth creators. Even though this attitude is changing, more needs to take place to enhance the value of private sector contribution, especially in rural areas. In the current milieu, vaccine manufacturing is a prime example of how private sector investment needs to be rapidly incentivized in the national interest. Much of our economic revival now depends on vaccination reaching every part of the country at the earliest. For that, the private sector cannot be seen as a necessary evil, but as an affirmative and positive force which is working in the national interest. Covid has taught us many lessons, and one of them is that best results are achieved only when the private sector is suitably integrated into grassroots-level developmental initiatives.
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