New Delhi, Sept. 24 -- India's financial sector must move beyond financing near-term economic growth and focus on funding the next generation of Indian enterprises, Principal Secretary to the Prime Minister PK Mishra said on Wednesday.

Addressing the 13th SBI Banking and Economics Conclave 2026, Mishra said, "The task before the financial sector is larger than financing next year's growth. It is to finance the next generation of Indian enterprise," PTI reported.

The financial system must shift from "accommodating growth to enabling growth" as India seeks to become a leading global economy, he added.

Deeper Capital Markets Needed

Mishra highlighted that a larger and more sophisticated Indian economy cannot rely on banks alone and will ...