Finance Minister Nirmala Sitharaman meets global leaders, investors in New York

Finance Minister Nirmala Sitharaman told global leaders and investors in an interaction in New York that India has undertaken several reforms to ease foreign investment in infrastructure, including fiscal benefits which have created opportunities for investors and industry in the country.

At a roundtable organised by FICCI and the US-India Strategic Partnership Forum, Ms Sitharaman said,  with the current reset in the global supply chain and clear-headed and committed leadership in India, she sees opportunities galore in India for all investors and industry stakeholders.

The finance minister is on a week-long tour of the United States, where she met several business leaders and US government officials including treasury secretary Janet Yellen last week.

She said, India has fully leveraged the potential of digitisation even during the most challenging time of the Covid-19 pandemic. Ms Sithraman also highlighted that the role of technology in the financial sector is enabling pushing the frontier of financial inclusion. She said, fintechs are playing a key role in this area,

Pointing to the opportunities in India, the minister said startups in India have grown tremendously and many are now raising money through capital markets. She said, this year itself, more than 16 of them will qualify as unicorns.