India, Feb. 2 -- New Delhi Investment is one of the four "powerful engines" of growth, and the budget aims to invigorate private sector investments, finance minister Nirmala Sitharaman said on Saturday while outlining the government's plan to invest in people, economy and innovation.

As an engine of economic development, Sitharaman proposed multisectoral reforms encompassing public-private partnerships (PPP), support to states, an asset monetisation plan for 2025-2030, mining sector development, and support to domestic manufacturing.

The plan she unveiled was that each infrastructure-related ministry will come up with a three-year pipeline of projects that can be implemented in PPP mode, and states will be encouraged to initiate and see...