Nirmala Sitharaman invites investors to become a part of India`s growth story
Finance Minister Nirmala Sitharaman has invited investors to become a part of the journey of the Indian economy in Amrit Kaal, the 25-year journey towards its centenary as a modern nation, saying it is full of new opportunities for growth and investments. The Indian finance minister elaborated on the vision and reforms-oriented approach towards good governance under the leadership of Prime Minister Narendra Modi to shape 'New India' and redefine its place in the global economic order.
She also emphasized recent reforms in India and highlighted initiatives like National Infrastructure Pipeline (NIP), National Monetisation Pipeline, Digital Public Infrastructure and Production Linked Incentive, besides real estate sector and FDI policy reforms. She mentioned that India has stood out as a beacon of hope facing the tailwinds of the pandemic and the headwinds of the geo-political conflicts to become the fifth-largest economy in the world.
The minister also appreciated the investors in South Korea for showing continued confidence in India and indicating their willingness and commitment to participate in the Production Linked Incentive scheme, especially for the mobile phone and electronic component sectors.
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Monthly Debt Market Update, September 2023: CareEdge Ratings