Key Points
Addressing the Roundtable on 'Investment Opportunities in India' at the New York Stock Exchange, the oldest and the largest stock exchange in the world, the Finance minister said India is poised to continue its sustained growth trajectory and enhance its contribution to global growth significantly.Agencies.
Finance Minister Nirmala Sitharaman on Monday said India is poised to continue its growth trajectory and is likely to become the world's third-largest economy by 2027..
India currently is the fifth largest economy in the world with a GDP of around USD 3.9 trillion...
During the meeting, the Finance Minister shared the contours of various policy reforms and initiatives that are shaping India, with a focus on the Government's priorities for facilitating sustained economic growth for sustained long-term investment opportunities...
She referred to India's ground-breaking structural reforms for a stable regulatory framework for investors, such as simplifying the tax structure through the Goods and Services Tax (GST); streamlining the resolution of distressed assets through the Insolvency and Bankruptcy Code (IBC); liberalising Foreign Direct Investment FDI norms across various sectors; and enhancing the simplicity and transparency of the overall foreign investment policy framework...
