In a written reply to Lok Sabha, Sitharaman said the fundamentals of the economy remained strong as gradual scaling back of lockdowns placed India firmly on the path of recovery.
In the first half of this fiscal, tech sectors attracted a bulk of the FDI, but govt is hopeful that some of its decisions will attract inflows into other sectors too.
The announcement comes a day after PM Morrison signed a crucial defence agreement with India and upgraded ties, as both nations navigate fraught relations with China.
In an exclusive interview to ThePrint, Nisha Biswal, president of US-India Business Council, says India's policy structure is 'volatile' though the country has stable governance.
India's fascination with the 'Ease of Doing Business' rankings hasn't served it well. Vietnam ranked below India but has attracted more foreign investment.
Global funds are seeking safety of dollar while fleeing stocks, bonds & other currencies, emulating pattern that was hallmark of 2008 global financial crisis.
China flaunted military might & modernisation as it displayed stealth drones, anti-satellite system & cyber warfare contingent during parade to mark victory over Japan in WWII.
From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.
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