Industry needs to come out of ‘self doubt’ mood: Sitharaman

TIL Desk/Business/New Delhi/ Finance Minister Nirmala Sitharaman on Friday asked India Inc to come out of “self doubt” mood and unleash the animal spirit as she stressed that steps taken post Budget have started showing some results on the ground.

The government has shown conviction to change India’s system, take some tough decisions and make sure it is responsive to industry, she said at industry body Assocham’s event in New Delhi. According to the minister, major steps taken in the past few years make India stand out in the world and industry is part of the change.

“I would appeal to you that please get out of the mood of self doubt. Can we do it? Can India do it?… why is this negative mood? Get out of this self doubt,” she said and emphasised that most of the macro economic indicators are strong.

Inflation has been under control, macro economic fundamentals absolutely strong, FDI inflow has been strong, foreign exchange reserve is at record high, PSU banks have been professionalised, Sitharaman said.