Hopeful of more FDI this fiscal: Sharma

The immediate challenge for the country is to appropriately calibrate the macroeconomic policies for addressing the downside risks… provide an investment climate that encourages foreign capital flows, Sharma said.

The Ministers statement comes in the wake of negative investor sentiment on account of General Anti-avoidance Rules (Gaar) which seek to retrospectively tax major corporate deals such as Vodafone-Hutch that took place in tax havens but had underlying physical assets in the country.