SME Times News Bureau | 09 Nov, 2019
President M. Venkaiah Naidu said on Saturday that the fundamentals of Indian
economy are strong and India offers very good investment opportunities.
made these remarks while interacting with the delegates of YPO, a global
leadership community of Chief Executives, in New Delhi today.
members from 22 countries of YPO Europe One are visiting India. The Vice
President invited these delegates to invest in India.
came on the heels of a comment by the Finance Ministry, "The
fundamentals of the economy remain quite robust with inflation under check and
bond yields low. India continues to offer strong prospects of growth in the
near and medium term."
The Finance Ministry, in reaction to Global
rating agency Moody's Investors Service’s downgrading of India's outlook from
'stable' to 'negative, view this.
"The government has undertaken a
series of financial sector and other reforms to strengthen the economy as a
whole. The government has also proactively taken policy decisions in response
to the global slowdown. These measures would lead to a positive outlook on
India and would attract capital flows and stimulate investments," the