Here’s What Finance Minister Arun Jaitley Said About India’s Domestic Reforms


Promising continued policy push to boost economic activities and investment flows, Finance Minister Arun Jaitley said domestic reforms will “neutralise” any adverse impact of the global slowdown. Addressing the BRICS investment seminar in Mumbai, he said that the government has put FDI on automatic route in almost 90 per cent of the areas that are eligible for foreign direct capital. Stating that the ease of doing business has improved massively since the Modi government came to power, Jaitley said many sectors have been brought into the automatic route, adding that there no cases pending indefinitely before the Foreign Investment Promotion Board. Jaitley said various policy measures and “every significant decision of the government are aimed in one direction — that is to promote economic activities and make India more investment friendly.