India, June 30 -- Mobilising private capital is a development imperative, Union finance minister Nirmala Sitharaman on Monday said, proposing a seven-point strategy to achieve this goal, including improved international credit rating methodologies reflecting structural strengths and long-term resilience of emerging economies like India.

"Private investment is a catalytic force -- unlocking capital, boosting productivity, fostering innovation, and introducing technological rigor -- all essential for inclusive, sustainable economic growth," she said in her keynote address at 4th International Conference on Financing for Development (FFD4) organised by the United Nations in Seville, Spain. Sitharaman is leading an official delegation to Spa...