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Promising the industrial world Finance Minister: Union reform, capital withdrawal will continue

Bijaya Laxmi by Bijaya Laxmi
November 24, 2020
in Business
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Promising the industrial world Finance Minister: Union reform, capital withdrawal will continue
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New Delhi: The central government is working to make India one of the world’s leading centers for investment. “The process of reform is being carried out in the near future,” Finance Minister Nirmala Sitharaman said. He was addressing a virtual event organized by the Indian Industry Association. He said further reforms would be taken in the coming days. More attention is being paid to financial recovery for the crisis caused by the corona epidemic. These steps have been stalled for decades. He said Prime Minister Narendra Modi had taken advantage of the opportunity created during the epidemic. The process of withdrawal will also continue, the finance minister said. KV Subramanian, the country’s chief financial adviser who took part in the event, expressed hope that India would become a trading country in the current financial year. Imports will not be higher than exports. Imports will be reduced as many items are not in demand due to the effects of the epidemic. That is why India will have the opportunity to emerge as a trade surplus, ”he said.

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