Domestic reforms to cushion India from global shocks: FM
October 13, 2016 17:17
Promising continued policy push to boost economic activities and investment flows, Finance Minister Arun Jaitley today said domestic reforms will "neutralise" any adverse impact of the global slowdown.
Addressing the BRICS investment seminar in Mumbai ahead of the 5-nation Summit beginning in Goa tomorrow, he said the government has put FDI on automatic route in almost 90 per cent of the areas that are eligible for foreign direct capital.
"Over the last two-and-a-half years most of the sectors have been reviewed and we now have probably the most open FDI policy in the world with 90 per cent of FDI coming in through the automatic route," he said.
Addressing the BRICS investment seminar in Mumbai ahead of the 5-nation Summit beginning in Goa tomorrow, he said the government has put FDI on automatic route in almost 90 per cent of the areas that are eligible for foreign direct capital.
"Over the last two-and-a-half years most of the sectors have been reviewed and we now have probably the most open FDI policy in the world with 90 per cent of FDI coming in through the automatic route," he said.
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