Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Politics / Policy/  Positive mood about India in US: Arun Jaitley
BackBack

Positive mood about India in US: Arun Jaitley

Finance minister Arun Jaitley says he has been meeting investors in the last four days of his US trip where he noticed a certain positive mood about India

Finance minister Arun speaks at an event jointly organised by US Chamber of Commerce and CII in New York on Tuesday. Photo: PTI (PTI)Premium
Finance minister Arun speaks at an event jointly organised by US Chamber of Commerce and CII in New York on Tuesday. Photo: PTI (PTI)

Washington: There is a “positive mood" about India in the US and the American investors have a clear understanding of the reforms that the government is undertaking for the expansion of the economy and its future potential, finance minister Arun Jaitley has said.

Jaitley, who is on a week-long visit to the US, is leading a high-powered Indian delegation to attend the annual meeting of the International Monetary Fund (IMF) and the World Bank. He has already visited New York and Boston wherein he addressed the investors and held meeting with top corporate leaders, besides interacting with students of the Columbia and Harvard universities.

“American investors have a very clear understanding of the kind of reforms that India is undertaking for the expansion of the economy. They have also a clear idea of the future potential," Jaitley said at an event organised by the Federation of Indian Chambers of Commerce and Industries (FICCI) at the IMF headquarters in Washington.

“I have found in the last four days that I have been addressing investors, meeting investors and dealing with their queries. I see a certain positive mood about India," Jaitley said Thursday when asked about the feedback he received from the Trump administration officials and US investors.

After his arrival in Washington, Jaitley held meetings with treasury secretary Steven Mnuchin and commerce secretary Wilbur Ross during which they discussed bilateral trade and economic relationship and issues of mutual concerns.

“Appreciated discussing US-India bilateral economic issues" with Jaitley, Mnuchin said later in a tweet. On the first day of his visit to Washington, Jaitley also participated in a working luncheon of G-20 ministers. He is scheduled to participate in the annual meetings plenary, G-20 finance ministers and Central Bank Governors’ (CBGs) meeting and development committee luncheon meeting among others Friday.

Later, he will participate in the finance ministers’ meeting with multilateral development banks and hold separate bilateral meetings with his counterparts from Italy and Iran. Jaitley’s meeting with the Iranian finance minister would come hours after US President Donald Trump announces his new Iran policy.

Later in the evening, the minister will participate in a special event to be hosted by US India Strategic Partnership Forum (USISPF) on the theme of ‘Indian Economy: Prospects and Challenges’. Jaitley is scheduled to participate in the IMF committee restricted breakfast session and its plenary session on 14 October.

In the afternoon, he will host a lunch for the constituency members consisting of Bangladesh, Bhutan, Nepal and Sri Lanka. He will participate in the 96th meeting of the development committee plenary before leaving for India on Sunday.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Politics News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 13 Oct 2017, 08:47 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App