New Delhi: Economic reforms will continue at this pace to make India a major center or hotspot of global investment. Finance Minister Nirmala Sitharaman has given this confidence to the industry. She said this while addressing a virtual event organized by the Confederation of Indian Industry (CII) on Monday. The Finance Minister said that the government is taking steps towards making India a center of investment. The reforms will be continued. She also indicated some more major reforms in the future. She said that steps are being taken for some more reforms on a large scale.
Sitharaman said that India has made the crisis created by the Covid 19 epidemic an opportunity to push economic reforms. These reforms were pending for decades. Even during the time of the pandemic, our PM did not lose the opportunity to make major reforms. She further said that the financial sector is being professionalized and the government will continue its disinvestment agenda.
In the CII program, Chief Economic Advisor (CEA) KV Subramaniam has expressed the hope that in the current financial year India can register surplus (not current account deficit) but surplus. He said that due to the Covid-19 epidemic, the production in the economy is high, while the demand is low i.e. there is a situation of ‘under-heating’, due to which imports will come down. With this, the country can get the surplus of the current account.
