0.2 C
New York
Saturday, March 6, 2021

India’s commitment to reform being taken seriously by foreign investors: FM Sitharaman

Must read

Peter Thiel’s 7 best tips to identify businesses for long-term investing success

Famous venture capitalist and silicon valley entrepreneur Peter Thiel says investors shouldn't be too dependent on investment decisions based on formulas. Instead, they should...

New Delhi: Finance Minister Nirmala Sitharaman on Saturday said India’s commitment to reform is being taken seriously by foreign investors, which is evident from the good inflow of FDI even during the time of COVID-19. Between April-July, the Foreign Direct investment (FDI) into India stood at USD 20 billion.

“India’s commitment to reform is taken seriously by investors abroad and they take India to be a very desirable destination, otherwise we wouldn’t be seeing good amount of FDI coming even during the pandemic time when India, as many of our critics would say, had the strictest lockdown,” Sitharaman said.

Releasing the state rankings based on the implementation of State Business Reform Action Plan 2019, Sitharaman said Aatmanirbhar Bharat would help India build on its strengths and become self-reliant.

“Aatmanirbhar Bharat will lead to greater export competitiveness, better pricing and quality of exports, which show the Indian skill of making things to perfection,” she said.

Sitharaman said Aatmanirbhar Bharat is not for making India inward-looking, but to build on its strengths, one of the ways in which the country can become more competitive.

In the states’ ease of doing business rankings released on Saturday, Andhra Pradesh retained the top position followed by UP and Telangana at the second and third spots, respectively.

- Advertisement -

Latest article

Peter Thiel’s 7 best tips to identify businesses for long-term investing success

Famous venture capitalist and silicon valley entrepreneur Peter Thiel says investors shouldn't be too dependent on investment decisions based on formulas. Instead, they should...

15th Finance Commission opted for continuity, predictability in deciding tax devolution to states: N K Singh

The 15th Finance Commission has recommended that states be given 41 per cent of the divisible tax pool of the Centre during the period...