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Last updated: 09 Nov, 2019  

Naidu.9.Thmb.jpg Fundamentals of Indian economy are strong: Naidu

Naidu.9.jpg
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SME Times News Bureau | 09 Nov, 2019

Vice President M. Venkaiah Naidu said on Saturday that the fundamentals of Indian economy are strong and India offers very good investment opportunities.

Naidu made these remarks while interacting with the delegates of YPO, a global leadership community of Chief Executives, in New Delhi today.

Forty-five members from 22 countries of YPO Europe One are visiting India. The Vice President invited these delegates to invest in India.

The comment 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 ministry added.

 
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