Government’s priority is to tame inflation, said Finance Minister Nirmala Sitharaman while addressing the B20 Summit on Friday.
Green shoots of pvt capital expenditure upcycle can be felt now because of high budget capex, said Sitharaman.
Focusing on investments in health and education is key, she said in her speech.
“The initial doubts people have had about India’s Aatmanirbharta have been quelled. We are focusing our approach in building an Aatmanirbhar bharat but essential imports will not stop,” she added.
“We need to cushion us sufficiently against any possible shocks; need to diversify supply chains quickly,” she added.
In her address, she also said, the government has adopted a transparent methodology to ease compliance burden and ensure speedy decisions.
On Foreign direct investments, she said, “India stands as an attractive destination for FDIs.”
“India’s DPI has been welcomed by every country, lauded by many G20 countries,” she added.
The Business 20 (B20) is the official G20 dialogue forum with the global business community. Established in 2010, B20 is among the most prominent engagement groups in G20, with companies and business organisations as participants.
Each year, the G20 Presidency appoints a B20 Chair (an eminent business leader from the G20 host country), who is supported by a B20 Sherpa and the B20 secretariat.
(More to come)
