New Delhi, Sept. 18 -- Private sector financing will need to play a critical role in India's journey towards becoming a Viksit Bharat by 2047, as the scale of transformation envisaged cannot be met solely through government budgets, Department of Economic Affairs Secretary Anuradha Thakur said on Friday.

Addressing the Conference on Financing India's Journey Towards Viksit Bharat in the presence of Union Finance Minister and State and Union Territory Finance Ministers, Thakur said the conference would focus on the financing requirements for India's long-term development, covering both public and private finance.

"We all need to keep this perspective at the forefront throughout the course of our engagement during the different sessions i...