Bringing hope to exporters who are battling depressed demand globally, Commerce and Industry Minister Nirmala Sitharaman has reiterated that there is definitely prospect for the exporters, who are struggling in depressed demand globally, as India’s export for the month of September has shown very significant development. After 2 months fall, export rose by 4.62 percent to $22.9 billion in September backed by higher growth in engineering and gems & jewellery sectors.
On foreign direct investment (FDI), she said that during the first half of 2016-17, FDI into the country has increased over 30 percent to $21.62 billion, on account of government’s policies, reinforcing India’s image of a ‘shining star’. She added that India has clearly sustained its image in the last 2.5 years as a shining star, is performing and showing the growth which is required and actually proving as an the engine of the global growth itself.
Sitharaman further said that the flow of capital into the country has improved because of the policies of the government, very clear and policy driven, not discretion driven policy of the government. She also said that there will be a lot of successful economic activity during the India International Trade Fair (IITF), which is being held from November 14 to November 27.
