FM Sitharaman urges India Inc to look beyond premiumisation, focus on R&D

Finance Minister Nirmala Sitharaman has called on Indian businesses to move beyond premiumisation and focus on strengthening governance and innovation. She emphasised the need for better-governed family businesses and greater corporate investment in research and development.

Sitharaman outlined a vision for the next two decades, urging Indian companies to transition from merely creating startups towards building enterprises that can scale, professionalise, and sustain long-term growth. The remarks underscore the government's push for structural improvements in India's business ecosystem.