You are here: Home » Budget » Run-up » Economy
Business Standard

More investors showing interest in India: Jaitley

Finance Minister minister stressed the need to boost investment especially in infrastructure sector

IANS  |  New Delhi 

Arun Jaitley
Arun Jaitley

Finance Minister Arun Jaitley Monday said there was an increased level of investors' interest in India and added that the overall economic situation in the country was looking better.

Jaitley was speaking at the first meeting of the parliamentary consultative committee attached to his ministry held here to discuss "suggestions for the budget".
Read our full coverage on Union Budget

According to Jaitley, the current account deficit (CAD) will be under control and the government will try to keep fiscal deficit within the prescribed limit.

The minister stressed the need to boost investment especially in infrastructure sector.

On the issue of bringing back black money stashed abroad, the minister pointed out that India will soon become part of an international consortium where the focus would be on automatic transfer of information.

This would help the government in getting easy access to such foreign accounts of Indian residents, he added.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, February 09 2015. 20:04 IST