Investment flows to begin picking up by FY16: CEA

Confident India would be able to benefit from the positive sentiments among foreign investors, Chief Economic Advisor Arvind Subramanian said the real investment flows should begin picking up from the next financial year but it will be a gradual process.

"There is a strong interest in India based on facts that the Indian economy has turned around and is looking promising going forward. So, there is a lot of interest in India at Davos," he said.

Besides, the global economy is also painting a kind of mixed picture and India stands out as one of the places where reforms are happening, a change is happening and there is hope that growth would pick up.

He also said the annual Economic Survey, to be unveiled ahead of the Union Budget later next month, will broadly focus on the challenges faced by the Indian economy and the ways to address them. Asked whether he has finished work on the Survey, he said it was still continuing and "broadly, we are going to talk about the challenges that are there and how we should meet them".

"The big challenges like how to revive investment and growth and provide job opportunity to every one. Reviving investment and growth is a big challenge today," he added.

When asked about the time frame for investments to start coming in, he said, "We will have to wait, but it is not going to be something sudden."