FDI amid pandemic; top state for ease of business: FM Nirmala briefs media
Finance Minister Nirmala Sitharaman briefs media over FDI amid pandemic, ease of doing business 2019 ranking for states. Sitharaman said India’s commitment to reform is being taken seriously by foreign investors, which is evident from the good inflow of FDI even during the time of COVID-19. “India’s commitment to reform is taken seriously by investors abroad and they take India to be a very desirable destination, otherwise we wouldn’t be seeing good amount of FDI coming even during the pandemic time when India, as many of our critics would say, had the strictest lockdown,” Sitharaman said. Andhra Pradesh for the third time in a row has topped in the ease of doing annual business ranking of states and Union Territories by the Department for Promotion of Industry and Internal Trade.The ranking is based on the implementation of the business reform action plan 2019.