Finance Minister Nirmala Sitharaman: India’s Reforms Express to run non-stop!

India Inc is beginning to invest and urban consumption is not a worry, says Finance Minister Nirmala Sitharaman. There will be no holding back on economic reforms, she has declared.

- BY S VENKAT NARAYAN Our Special Correspondent

She said this in an interview to The Economic Times today, just after the Finance Ministry said India is in a “Goldilocks situation”—not too hot, not too cold, but just right.

She said this is the outcome of 11 years of work by the Narendra Modi government. The Centre is looking to simplify the Goods and Services Tax (GST) and income tax further, ensure the availability of critical supplies, speed up land monetisation, and strengthen regional rural banks.

Amendments to the Insolvency and Bankruptcy Code are also expected to be placed before Parliament soon. Banking is going through one of its best cyclical phases but more lenders are welcome, while IDBI Bank privati-sation is expected this year, she said.