MoSPI Secretary Dr. Saurabh Garg Engages with IVCA Leadership to Strengthen Data-Driven Investment Dialogue

Mumbai, June 27, 2025: The Indian Venture and Alternate Capital Association (IVCA) today hosted an exclusive roundtable in Mumbai with Dr. Saurabh Garg, Secretary, Ministry of Statistics and Programme Implementation (MoSPI). Dr. Garg met with senior members of the industry body to explore ways to strengthen collaboration between India’s public data systems and the alternate capital ecosystem.

On the collaboration, Dr. Saurabh Garg, Secretary, MoSPI, said, “Alternate capital is a vital contributor to India’s growth story. As stewards of the country’s macroeconomic data, MoSPI is keen to ensure our frameworks support the evolving needs of investors and entrepreneurs. Our dialogue with IVCA is a step toward co-creating data-driven tools and insights that can enhance investment confidence and support evidence-based policymaking.”

The interaction explored key macroeconomic indicators relevant to alternate capital—such as Gross Fixed Capital Formation (GFCF), sector-wise CAPEX trends, infrastructure readiness, and consumer demand data. The discussion also initiated the groundwork for a specific research output, aimed at bridging data gaps and enabling more informed capital allocation strategies, particularly in sectors critical to national development.

Underscoring IVCA’s commitment, Rajat Tandon, President, IVCA, said, “MoSPI sits on a rich data mine—tracking everything from infrastructure projects to consumer behaviour. For private capital investors, access to such granular, verified data is critical to informed decision-making. At IVCA, we see great value in engaging with ministries like MoSPI to strengthen data transparency and ensure that capital flows are guided by reliable, real-world insights.”

This engagement is part of IVCA’s broader effort to forge sustained partnerships with key policymakers and institutional leaders. The association will continue to work closely with MoSPI and other ministries to ensure that the role of alternate capital is well-understood, well-measured, and meaningfully supported in India’s economic narrative.