Union
Finance Minister, Nirmala Sitharaman, has said that the investors could find no
better place in the world than India. “India has a democratic environment that
respects capitalists”, the Finance Minister added.
Sitharaman
was speaking at an event, in association with the US – India Strategic and
Partnership Forum, at the IMF headquarters in Washington. The event was hosted
by the Federation of Indian Chambers of Commerce and Industry (FICCI).
She
added that India was one of the fastest growing economies and has the best
skilled manpower. She assured international investors that the government is
continuously working to bring reforms.
The
Indian Finance Minister said that in order to boost overall consumption, the
Finance Ministry has requested all the building sector banks, together with
their partners, non-banking financial companies to reach out to small towns and
villages and extend every kind of credit that they would want.