Union Finance Minister, Nirmala Sitharaman, has said that the investors could find no better place in the world than India. “India has a democratic environment that respects capitalists”, the Finance Minister added.
Sitharaman was speaking at an event, in association with the US – India Strategic and Partnership Forum, at the IMF headquarters in Washington. The event was hosted by the Federation of Indian Chambers of Commerce and Industry (FICCI).
She added that India was one of the fastest growing economies and has the best skilled manpower. She assured international investors that the government is continuously working to bring reforms.
The Indian Finance Minister said that in order to boost overall consumption, the Finance Ministry has requested all the building sector banks, together with their partners, non-banking financial companies to reach out to small towns and villages and extend every kind of credit that they would want.