New Delhi [India], November 8 (ANI): Industry body CII has proposed the creation of an India Development and Strategic Fund (IDSF), a sovereign-backed, professionally managed institution designed to finance India's long-term growth, resilience, and global economic security.

Conceived as a twin-arm national fund, the IDSF would mobilise patient, long-horizon capital to build India's productive capacity at home and secure critical economic interests abroad.

Announcing the proposal, Chandrajit Banerjee, Director General, CII, said that the time has come for India to build its own enduring financial engine for development.

"India is entering a decisive window of opportunity. We are already among the world's largest economies, but to reach developed-economy status by 2047 we need structural,

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