1. FII inflows to continue in Indian markets on back of good government reforms: Shaktikanta Das

FII inflows to continue in Indian markets on back of good government reforms: Shaktikanta Das

Economic Affairs secretary Shaktikanta Das in an exclusive interview talked about issues relating to global growth, macro economics, FII and world trade.

By: | New Delhi | Updated: March 20, 2017 12:35 PM
Shaktikanta Das, DEA, Shaktikanta, FII, interview, Macro Eco Issues, Global Growth, U.S. Fed Hike, foreign markets, US DEA Shaktikanta Das.

Economic Affairs secretary Shaktikanta Das in an exclusive interview talked about issues relating to global growth, macro-economics, FII and world trade. He said, “Global Growth, Macro Eco issues were discussed in G-20 meet last week. Considerable emphasis was given to build economic resilience for countries.” While talking about growth in respect to other countries he said, “All countries gave importance to idea of inclusive growth. World trade has to be fair, open, principle based; Will continue the discussions on the world trade issue.” In his interview, he further told BTVI Live, “Theme of trade protectionism is still in discussion; Have asked for more time for elimination of fossil fuel subsidy.”

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Das also talked about foreign markets and Foreign Indirect Investment and said, “Markets had already factored in the U.S. Fed Hike; Indian markets strong enough to absorb the US rate hike. FII flows to continue in the Indian markets on back of good govt reforms; Rupee value is determined by the market.”

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When talking about the FDI Policy he said, “Will decide on abolition of FIPB very shortly; Work on the FDI policy is an ongoing process.” He then talked about the rolling out of GST in July and the impact of Demonetisation, he said, “GST rollout on July 1 looks feasible at the moment; GDP data that the government has is quite robust. Finance minister highlighted the positive impact of DeMonetisation in the G-20 meet. Expect 2016-17 GDP growth to touch 7% by year-end; CPI is currently rangebound; expect inflation to remain under control.”

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