Jaitley says in 2yrs FDI inflow jumped by 53%
posted on Jul 29, 2016 @ 3:57PM
The Government on Friday has said that India saw a record 53 per cent increase in FDI in last two years as the investment climate brightened due to steps taken to foster growth, price stability and fiscal prudence which also improved the overall macroeconomic stability. Stating that investors are not making investments for "charity", the Finance Minister Arun Jaitley said, "if we say that profits cannot be taken... Then nobody will come to invest (in the country)".
"Steps taken by the government to foster economic growth, price stability and fiscal prudence have improved the overall macroeconomic stability, which brightens the investment climate in the country," the Minister said. He said when private sector is stressed, then the two engines of investments are the government and foreign sources. Emphasising that the government has taken various steps in the last two years to attract foreign and domestic investors, Jaitley said that among others they needed a "reasonable and predictable tax regime".