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Private sector needs to invest big-time, says Jaitley
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....rivate sector needs to invest big-time, says Jaitley <br>News and Press Release<br>Dated:- 5-11-2016<br><BR>Finance Minister Shri Arun Jaitley today said public and foreign investment remains intact, ....
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....but private sector expansion is needed in a big way to let the economy start firing on all cylinders. Observing that domestic investment continues to be a challenge, Jaitley called upon the banking s....
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....ector to support corporates to propel growth. "Indian private sector needs to expand in a big way. It needs to invest and that's when all engines of economy (will) start firing," Jaitle....
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....y said while addressing a seminar on debt recovery here. The minister spoke of liberalisation of FDI policies because of which India has emerged as a preferred destination of foreign investment. &qu....
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....ot;Foreign investors are getting far greater returns on their investment here than in any other country," he asserted. "Public investment and foreign capital on which the economy is firing ....
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....are intact... domestic investment is still a challenge." The minister further said there is a "silver lining" visible with festive purchases, indicating upturn in rural and urban deman....
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....d, but domestic investment will have to pick up in a big way for which banks need to do their bit by supporting corporates and thus boosting growth.<BR> News - Press release - PIB....