- Tuesday, February 18, 2025
Sitharaman said India has an environment where investments are yielding good returns and investors are booking profits
By: India Weekly
FINANCE MINISTER Nirmala Sitharaman on Monday (17) said India is delivering good returns to investors who are booking profits.
Replying to a question on selling by foreign institutional investors (FIIs), Sitharaman said India has an environment where investments are yielding good returns.
The heavy selling by FIIs could be a result of their investments in India delivering good returns and allowing for profit-booking, the minister said at a post-Budget media briefing.
Finance Secretary Tuhin Kanta Pandey added that in times of global volatilities like the one that is being witnessed, the FIIs tend to go back to their country of origin which is mostly the US.
He said India is the fastest-growing major economy and will continue to grow going ahead as well.
The finance minister also said the government would continue to rationalise duties as part of its efforts to build an investor-friendly country — an important assertion in the backdrop of US president Donald Trump’s proposed tariffs.
To a question on inflation, Sitharaman said the government’s supply measures and the Reserve Bank’s demand-side initiatives are working in tandem to control price rise.
