Finance Minister Arun Jaitley on Tuesday said the government is looking at further easing of FDI policy. He further added that there are few challenges in meeting disinvestment target and fiscal deficit not a cause of concern.
Jaitley was speaking at the India-Africa summit to which all of the continent’s 54 countries have been invited.
India wants its economy to grow much faster, Arun Jaitley said.
“India today aspires to grow much faster. We are not satisfied with present growth rates,” Jaitley said.
India has decided to set up a project development company in Africa, Jaitley said in a speech to the event organised by India’s Exim Bank. India’s annual trade with Africa has grown to $72 billion but lags China’s $200 billion.
With agency inputs