Finance Minister’s Interview, [EXCLUSIVE] India is an investment hub for foreign investors: Finance Minister talks on various issues in an interview with Times Now

Finance Minister’s Interview, [EXCLUSIVE] India is an investment hub for foreign investors: Finance Minister talks on various issues in an interview with Times Now

NIRMALA SITARAMAN INTERVIEW ON TIMES NOW

Union Finance Minister Nirmala Sitharaman&nbsp | &nbspPhoto Credits:&nbspTimes Now

New Delhi: India’s economic development has been a topic of discussion among people and economists for a long time. The World Bank in its latest report has noted that the expected second Covid-19 wave in activity seen in India during the second half of FY21 is waning at a faster pace.

‘Growth is expected to slow to 7.5% in FY2023, reflecting the lingering impact of COVID-19 on domestic, corporate and bank balance sheets; Possibly a low level of consumer confidence; and a high degree of uncertainty over job and income prospects,” the World Bank report said.

The opposition has been continuously attacking the Center over the gross domestic product (GDP) growth rate figures, foreign investment and much more. Clarifying this in an exclusive interview with Times Network Group Editor (Political) Navika Kumar, Union Finance Minister Nirmala Sitharaman said that the NDA government has inherited a fragile economy from the UPA which was revived by the efforts of PM Modi.

“Highest ever FDI in the country despite the pandemic”

FM Sitharaman further said that under the NDA government, India is now an ‘investment hub’ for foreign investors. Foreign direct investment (FDI) inflows, foreign exchange reserves are currently at an all-time high. “Look at the number of companies investing in India. The country saw the highest ever FDI despite the pandemic.” Commenting on how the pandemic has challenged the government, Sitharaman said: “These are certainly challenging times globally for any finance minister.”

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