Foreign investors showing faith in the Indian economy, Nirmala Sitharaman

New Delhi: Union Finance Minister Nirmala Sitharaman said ‘Foreign investors are showing faith in the Indian economy. That is the reason for the Direct Foreign Investment of $20 billion even during the Coronavirus Crisis.’

Union Finance Minister Nirmala Sitharaman also said ‘The Indian government is committed to making the necessary economic reforms to attract foreign investors. Government is making consistent efforts in that direction and the foreign investors are watching the developments seriously.’

Sitharaman pointed out that foreign investors are finding India the right place to invest and the FDI coming, even during the Coronavirus crisis substantiates that, and therefore, India has received FDI of $20 billion since April.

Union Minister Sitharaman published the rankings of the states based on the ‘State Business Reform Action Plan-2019’. As per the Ease of Doing Business rankings, announced on Saturday, Andhra Pradesh has maintained its first rank. Uttar Pradesh has come second with an increase of 10 points. Telangana ranks third in the list.

Maharashtra is on 13th place, whereas, Karnataka is 17th and Gujarat is in 10th place. Other than these there is an improvement in the scores of Madhya Pradesh, West Bengal and Uttarakhand, too. Union Finance Minister Nirmala Sitharaman praised the steps taken by the states to implement the action plan and economic reforms. Finance Minister Nirmala Sitharaman also expressed confidence that the Atmanirbhar Bharat Scheme will help in augmenting the economic capacity of the country.