Jaitley discusses reforms, prospects with investors

Jaitley discusses reforms, prospects with investors

Agency News

New York, Apr 11: Finance Minister Arun Jaitley has discussed India's ongoing economic reforms and prospect for the future with investors in New York, Jaitley is in the US to attend the April 12-14 IMF-World Bank meeting in Washington.

"Since arrival in New York Hon'ble Finance Minister held a series of round tables with the investors community of New York on India's economic reforms and vision for the future. "Investors are bullish on India," India's Consulate General said in a Twitter post. Jaitley, addressing an interactive session jointly organised by the consulate, industry chamber FICCI and the US-India Strategic Partnership Forum on Wednesday, said India’s poverty levels will be down to single digits in the next couple of years.

Jaitley said it is extremely important to blend reforms with last mile benefits and it is only then that the reforms become "politically palatable", said a tweet by FICCI."When we do reforms, we have to make sure that benefit reaches last man in the queue," he said. Over the next five years, reducing poverty, providing best infrastructure, new cities to manage migration, increasing participation of women, will be the focus, said Jaitley.

The minister earlier addressed investors at a roundtable on India's reforms and market outlook, organized by the US-India Business Council, CII and US stock exchange Nasdaq. Accompanying Jaitley are top officials from the finance ministry, including Economic Affairs Secretary Subhash Chandra Garg. (UNI)