Don't hesitate to invest more: FM to India Inc

Union Finance Minister Nirmala Sitharaman on Thursday said there should no longer be hesitation for industry to invest, expand capacities, and produce more in India, as the government has delivered on key reforms in taxation, ease of doing business, and foreign direct investment.

- 

"Today, I have a basket of things on which the government has delivered... The industry wants demand to be visible on the horizon... The horizon keeps shifting, I understand, because of global challenges," Sitharaman said at an event organised by the Indian Foundation for Quality Management in New Delhi.

She urged the private sector to work with the government in readying youth to be job-ready for quick and direct employment.

On September 3, the government announced an overhaul of the goods and services tax (GST) framework by reducing the four-tier structure to two main rates.

The reforms will come into effect from September 22. Tax measures introduced in the FY26 Budget in February, such as raising the personal-income threshold for tax payments, were also aimed at boosting consumption demand.