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Indo-US Economic Summit: Bilateral trade to spike 5 times, says Jaitley


Indo-US Economic Summit: Bilateral trade to spike 5 times, says Jaitley

New Delhi, Sep 13 (ANI): While addressing 11th Indo-US Economic Summit Union Finance Minister Arun Jaitley underscored that India and US aim at an ambitious target of raising bilateral trade by 5 times i.e from $100 bn to $ 500 bn to defy the global turmoil. Jaitley cited various inherited woes of the Indian economy and also underscored that a systemic change is required.

He also assured the foreign investors that India is determined to become the favourite destination for investment and has been working on doing ease of business and rationalizing taxes. He also stated that India's policy has become to attract FDI in various sectors like defence, railways, transport, infrastructure and et al in order to not just become a destination for investment but manufacturers as well to execute 'Make in India'.

Jaitley added that Prime Minister Narendra Modi's upcoming visit to US shall be keenly watched.

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