Private investment must lead India's next growth cycle: Nirmala Sitharaman

New Delhi, Oct 4 (UNI) union Finance Minister Nirmala Sitharaman has called for a stronger role for private investment in India's next phase of economic expansion, saying higher corporate capital expenditure and greater spending on research and development (R&D) will be crucial to sustaining growth amid rising global uncertainty. Speaking at the Kautilya Economic Conclave organised by the Ministry of Finance, Sitharaman said the private sector would need to take the lead in investment, including in research and innovation. "Private investment must now lead the cycle, including in research and innovation," she said. The Finance Minister pointed to the relatively…