Finance Minister Nirmala Sitharaman has said that investors can find no better place in the world than India. Ms Sitharaman said that India has a democratic environment that respects capitalists. She was speaking at an event hosted by the Federation of Indian Chambers of Commerce and Industry (FICCI), in association with the US India Strategic and Partnership Forum, at the IMF headquarters in Washington.
The Finance Minister said that India is one of the fastest growing economies and has the best skilled manpower. She assured international investors that the government is continuously working to bring reforms.
Ms Sitharaman asserted that the government is engaging with everyone on a weekly basis and there is no trust deficit with the corporate sector and investors. She said the government is taking steps to address problems in the stressed sectors.
She added that in order to boost overall consumption, the Finance Ministry has requested all the building sector banks, together with their partners, non-banking financial companies to reach out to small towns and villages and extend every kind of credit that they would want.