India making efforts to deregulate economy to attract greater investments: Goyal


NEW DELHI: The government is making efforts to deregulate the economy with an aim to attract greater investments from across the world, Commerce and Industry Minister Piyush Goyal said on Wednesday.

He said the government has opened up defence, manufacturing, mining, finance and capital market sectors.

The government has further liberalised agricultural laws to encourage more investments in agri-processing and open up markets so as to increase the income of farmers, he said at CII’s Partnership Summit.


“India is making efforts to deregulate its economy for greater investments from other parts of the world,” he said.

Goyal further said India provides huge opportunity for investments, and procurement of goods and services.

“India is looking forward for working with friends and neighbours, and having a global footprint. India is working to turn the COVID crisis into an opportunity, and is confident of reaching the target of USD 5 trillion economy by 2025, and USD 10 trillion in another 7-10 years,” the minister said.

Source link

Articles You May Like

New York is raising taxes for millionaires. What you need to know
Byron Wien worries about Fed-induced correction but sees market rebound
Bankers talk of being sold out as London waits for its own Brexit deal
RBI: RBI to set up task force to review working of asset reconstruction companies
Rocket Lab May launch booster recovery, aiming for SpaceX reusability

Leave a Reply

Your email address will not be published. Required fields are marked *