Finance Minister Nirmala Sitharaman on Saturday said India’s commitment to reform is being taken seriously by foreign investors, which is clear from the great 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 that they take India to be a really 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 supported the implementation of State Business Reform Action Plan 2019, Sitharaman said Aatmanirbhar Bharat would help India repose on its strengths and become self-reliant.
Aatmanirbhar Bharat will cause greater export competitiveness, better pricing and quality of exports, which show the Indian skill of creating things to a T , she said.
Sitharaman said Aatmanirbhar Bharat isn’t for creating India inward-looking, but to create on its strengths, one among the ways during which the country can become more competitive.
In the states’ simple doing business rankings released on Saturday, Andhra Pradesh retained the highest position followed by UP and Telangana at the second and third spots, respectively.
