Foreign Investors Taking India Reforms Push Seriously: Nirmala Sitharaman
Finance Minister Nirmala Sitharaman. (Photographer: T. Narayan/Bloomberg)

Foreign Investors Taking India Reforms Push Seriously: Nirmala Sitharaman

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Foreign investors are taking India’s reforms push seriously and that’s evident in the FDI inflow that India witnessed even during the global pandemic, Finance MInister Nirmala Sitharaman said on Saturday.

Foreign direct investment into India between April and July stood at $20 billion, a bulk of which was accounted for by Mukesh Ambani’s fundraising for Jio Platforms Ltd.

Investors abroad see India as a very desirable destination, otherwise we wouldn't be seeing good amount of foreign investment coming even during the pandemic when India, as many of our critics would say, had the strictest lockdown, Sitharaman said.

The finance minister, who released the statewise Ease of Doing Business rankings for 2019 on Saturday, said Aatmanirbhar Bharat will 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.

Also Read: Foreign Investors Pour Into India Stocks Despite Sinking Economy

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

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