(BS)
The Indian economy is currently delivering good returns to investors who are booking profits, which partly explains the outflows observed in the equity market by foreign institutional investors (FIIs), said finance minister Nirmala Sitharaman on Monday at a post-Budget press conference in Mumbai.
Additionally, the finance minister highlighted that India is looking to be an investor-friendly country. As a result, the government has taken several measures in the past few years for the rationalisation of customs duties.“FIIs also go out when they are in a position to book profits. The Indian economy has an environment today wherein investments are yielding good results and profit booking is happening,” Sitharaman said.
