N Venkatram: I will look at it through a couple of lenses. Let me start with the easiest one, which is the amount of innovation that takes place in India and the number of unicorns we have. I think the startup revolution in India is something we can write textbooks about. It is fantastic. We have created so many unicorns, and we brought in a lot of investment into that. So, I think the investment in innovation and investment in our start-up community is going to continue.

I do certainly also think that industry and business should look at where the government wants to make an impact and go with that. So, we can also look in terms of climate-related and what we need to do and bring investments for that, we look at green hydrogen, there are so many new areas where we should be looking at doing things.

The third is because of the fragility in global supply chains, and there again, my view is, it’s not a question of competing and ready to replace someone else. There’s so much technology, there’s EVs, batteries, the semiconductor industry and other reforms are taking place in that area. These are the areas where we will continue to invest.

The challenge is, other countries have the same plan, and they are also putting huge amounts of money into it. So, I think it’s going to be a collective investment by both the government and the private sector, the fact that I think from a household perspective, we are comfortable with the savings fund, as well as enormous amount of FDI. Remember to reach $5 trillion, we need $8 trillion of capital formation. That’s a lot of money.