• search
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

FM urges India Inc to unleash animal spirits

|

New Delhi, Feb 20: Finance Minister Nirmala Sitharaman on Saturday exhorted India Inc to unleash animal spirits and bring in fresh investment to make India one of the fastest growing economies of the world.

Speaking to industry leaders at an All India Management Association (AIMA) event, she said the government has taken several steps including reduction in corporate tax rate to facilitate investment.

FM urges India Inc to unleash animal spirits

"I would like now, to see private investors and private industry in India coming forward with that, so called animal spirits to show that it is possible for India (to be) one of the fastest growing economies," she said.

Redevelopment of New Delhi railway station taken up on Public-Private Partnership to cost Rs 5,000 crore

The expression animal spirits' was coined by celebrated economist John Maynard Keynes to refer to investors' confidence in taking action in terms of investment.

"We need capacities to be ramped up, we need expansion, we need more production of very many such products, which are so required for the economy," she said.

Post tax reduction, she said, "I have been waiting to see expansion happening, I've been waiting to see greater investments from private sector in India."

    Greta tweets on 'human rights' days after Disha Ravi arrest | Oneindia News

    To revive growth, the government in September 2019 slashed corporate tax rate by almost 10 percentage points.

    For Daily Alerts
    Get Instant News Updates
    Enable
    x
    Notification Settings X
    Time Settings
    Done
    Clear Notification X
    Do you want to clear all the notifications from your inbox?
    Settings X