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Indian economy is poised for strong, sustainable and balanced growth backed by Government of India's strong focus on implementing structural reforms

Capital Market 

The Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley today participated in an Interactive Seminar organised by FICCI on Opportunity. The Finance Minister spoke on the bold reforms carried-out in which now have created impressive opportunities in Infrastructure assets resolution under Insolvency and Bankruptcy Code (IBC) process and in financial sector. The Finance Minister stated that the is poised for strong, sustainable and balanced growth backed by the of India's strong focus on implementing structural reforms and there is clear evidence now that slowdown effect of demonetisation and GST has now more or less played it out. The implementation of the GST from July 1, 2017 and its gradual complete transition, follow-up to demonetisation, and enacting other structural reforms by the of would take the economy towards higher growth trajectory. Further, he stated that FDI flows to have increased in 2016-17 over 2015-16, indicating improved global confidence in the He also spoke about the interface between the global and the Indian economy; national investments and the Infrastructure Fund; and reform initiatives of the of India, especially to improve Ease of Doing Business.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, October 13 2017. 12:24 IST
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