Business Standard

Bold reforms have ensured steady FDI flow even during pandemic: FM

Says govt initiated big reforms in agriculture and labour codes

Nirmala Sitharaman

Sitharaman reiterated that the next Budget will have provisions for public expenditure at a higher amount than now.

Indivjal Dhasmana New Delhi
Finance minister Nirmala Sitharaman on Thursday said that strong decisions taken by the Modi government have ensured steady flow of foreign direct investment (FDI) into the country which is far greater than what comparable economies have attracted during the pandemic. She reminded  that FDI is not hot money but reflects the commitment of investors to remain invested in India. 

Addressing the annual session of the Indian Chamber of Commerce, she said the government has not shied away from taking bold reforms, including those relating to agriculture and labour codes. 

Sitharaman also said that she will ask banks to go for

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Dec 17 2020 | 8:27 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to