Mumbai: Dr. Saurabh Garg, Secretary, Ministry of Statistics and Programme Implementation (MoSPI), held a focused roundtable in Mumbai with senior leadership of the Indian Venture and Alternate Capital Association (IVCA). The meeting aimed to explore synergies between public data systems and India’s growing alternate capital ecosystem.

Dr. Garg emphasized the importance of private capital in driving India’s growth and expressed MoSPI’s commitment to aligning its data frameworks with the evolving needs of investors. “This dialogue with IVCA is a step towards co-creating reliable, data-driven tools to enhance investor confidence and support evidence-based policy,” he noted.

Key topics included macroeconomic indicators like Gross Fixed Capital Formation (GFCF), sectoral CAPEX, infrastructure data, and consumer demand patterns. The session also initiated plans for a joint research initiative to identify and address critical data gaps in capital allocation.

IVCA President Rajat Tandon highlighted the value of MoSPI’s vast datasets for private capital, calling for continued collaboration to ensure transparent, real-world insights guide investments.

This engagement is part of IVCA’s broader mission to build lasting partnerships with key ministries, ensuring alternate capital’s role in India’s development is well-supported and data-driven.