Sense in PM-EAC meeting: Moves to attract foreign funds can get $70 billion
The government and RBI's recent decisions are projected to bring in $70 billion in foreign funds. These include removing taxes on capital gains and investment by FIIs in government bonds and making it easier for banks and PSUs to raise external commercial borrowings. The EAC-PM also addressed strategies to decrease India's vulnerability to monsoon fluctuations and increase economic growth.