The Finance Minister Nirmala Sitharaman while addressing the National MNCs Conference 2020 organised by the Confederation of Indian Industry (CII), said, the Indian economy is facing a reset exercise.
Sitharaman says, in the present pandemic times when the headwinds to growth have exacerbated, the reforms momentum has continued and will continue in the future as well
The FM underlined that several measures are being taken up to keep the reforms impetus intact such as professionalisation of the financial sector and thrust on disinvestments.
She added, "All enterprises, MNCs and India Inc., big, medium and small enterprises, are facing a reset exercise in doing business. We will have to make sure that policies are right to make India an attractive investment destination."
On reforms under the ambit of the Aatmanirbhar Bharat, Sitharaman said the package has opened up many sectors including niche sectors such as Nuclear Energy and Space for the foreign investors to partake in. Moreover, it needs to be kept in mind that the underlying tenet of the marquee package is not about excluding India from the globe, but making it an integral part of the global value chains by improving its domestic competitiveness
Further, Sitharaman stated that the government has been working assiduously towards ensuring a facilitative environment for the MNCs operating out of India.
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