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Finance Minister Nirmala Sitaraman has said that Foreign Direct Investment (FDI) staying in the country and creating jobs and prospects, and not the outflow of Foreign Institute Investors (FIIs) and Foreign Portfolio Investors (FPIs), should be assessed to measure robustness of the Indian economy. She added that India continues to remain the highest receiver of the FDI.

She also said ‘The FIIs and FPIs would come and go. But, today the Indian retail investors have proven that even if they come and go any shock that may come in is now taken care of because of the shock absorbing capacity that the Indian retailers have brought into the Indian market’.

Sitharaman said one needs to look at the FDI inflow ‘with fairness and objectivity’. She noted that ‘We in the House should stand up and appreciate the Indian retailer who has invested a lot of confidence in the markets today in India’.