{"id":100087,"date":"2023-04-11T11:46:00","date_gmt":"2023-04-11T06:16:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=100087"},"modified":"2023-04-11T11:44:58","modified_gmt":"2023-04-11T06:14:58","slug":"us-sitharaman-economy-2","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/us-sitharaman-economy-2\/","title":{"rendered":"FM invites American businesses to invest in India, says the country meets requirements of fair, transparent economy"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-787827853\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Asserting that India meets the requirements of a fair and transparent economy, Union Finance Minister Nirmala Sitharaman has urged American businesses to invest in the country.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4219225316\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Addressing a business roundtable organized by US India Business Council, with representatives of top US companies, the finance minister said India, under the current government, is creating opportunities for global industry to participate in the nation\u2019s growth story.<\/p><p>In her remarks, Sitharaman emphasized that policy consistency and pursuit of reforms despite the pandemic have been a hallmark of the government\u2019s approach.<\/p><p>Highlighting the impact of digitalization and economic formalization at length, Sitharaman said that due to its achievements in transitioning to digital payments and integrating the informal sector, India meets the requirements of a fair and transparent economy.<\/p><div class=\"trade-content_5\" id=\"trade-352898580\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>She invited the investor community to make the most of the opportunities that India has to offer, now and going forward.<\/p><p>In his remarks, Indian Ambassador to the US, Taranjit Singh Sandhu said as the President of G20, India is committed to multi-stakeholder engagement.<\/p><p>\u201cWe are trying to be a voice not only for the people who are in the room, but those who are outside of it. G20 is touching all stakeholders,\u201d he said.<\/p><p>Stating that US and India bilateral trade last year crossed USD190 billion, Sandhu underscored that Ministry of Finance seeks the business community\u2019s ideas and candid feedback as they seek to continue progress on the economic partnership.<\/p><p>Atul Keshap, USIBC president, said,\u201cWe have seen some great achievement on the liberalization agenda during her tenure\u2014our members are optimistic that continued momentum can yield more concrete results in the ease of doing business and improving India\u2019s investment environment and deal flow that can help boost India\u2019s GDP and the well-being of all of its people.\u201d R Dinesh, president Designate of the Confederation of Indian Industry said, \u201cPolicy consistency and the speed of reforms have helped India become the world\u2019s fastest growing major economy even amidst this global turmoil.\u201d Welcoming the finance minister to the US Chamber of Commerce, Todd Skinner, president, International of TransUnion, emphasized the importance of industry consultations like the roundtable to facilitating international investment.<\/p><p>\u201cGovernment of India\u2019s dialogue with the private sector shows that it understands business can be a critical partner in India\u2019s economic and social development. TransUnion is focused on helping achieve these goals and working closely with the finance ministry, especially in efforts to establish a national financial information registry that supports expanded access to credit,\u201d he said.<\/p><div class=\"trade-content-10\" id=\"trade-3245885916\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Guru Bandekar, global vice president of Supply Chain Management at Carrier said, \u201cCarrier continues to look at India as a strategic market to drive innovation and develop world-class products. We continue to explore opportunities to build upon our long-standing presence in the Indian market.\u201d During the roundtable, industry executives exchanged views with the finance minister where they raised opportunities to further enhance India\u2019s investment ecosystem, including policies that could deepen India\u2019s capital markets and enable Indian startups to tap global investment via direct overseas listings.<\/p><p>The potential of India\u2019s digital public infrastructure such as its Unified Payments Interface was a recurring theme, especially when it encourages and complements private sector innovation.<\/p><p>Several companies expressed support for frameworks that would allow the private sector to leverage digital payments data to expand financial inclusion and develop new financial products and credit instruments for the Indian market.<\/p><p>USIBC highlighted the simplification of Know-Your-Customer processes and establishment of a national financial information registry as key actions that could further develop India\u2019s standard-setting FinTech ecosystem. PTI LKJ ANU ANU<\/p><div class=\"trade-after-content\" id=\"trade-1557393351\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Asserting that India meets the requirements of a fair and transparent economy, Union Finance Minister Nirmala Sitharaman has urged American businesses to invest in the country. Addressing a business roundtable organized by US India Business Council, with representatives of top US companies, the finance minister said India, under the current government, is creating opportunities for [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":82487,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1697,31],"tags":[],"class_list":["post-100087","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>FM invites American businesses to invest in India, says the country meets requirements of fair, transparent economy - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Asserting that India meets the requirements of a fair and transparent economy, Union Finance Minister Nirmala Sitharaman has urged American businesses to invest in the country.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/?p=100087\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FM invites American businesses to invest in India, says the country meets requirements of fair, transparent economy\" \/>\n<meta property=\"og:description\" content=\"Asserting that India meets the requirements of a fair and transparent economy, Union Finance Minister Nirmala Sitharaman has urged American businesses to invest in the country.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/?p=100087\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-11T06:16:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/Nirmala-cover-image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"PTI News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/Nirmala-cover-image.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"PTI News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/?p=100087\",\"url\":\"https:\/\/tradebrains.in\/features\/?p=100087\",\"name\":\"FM invites American businesses to invest in India, says the country meets requirements of fair, transparent economy - 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