Opportunities galore in India for investors, says Sitharaman

‘Startups in India have grown tremendously, many are now raising money via capital markets. This year, more than 16 of them will qualify as unicorns’

NEW YORK: Opportunities are galore in India for all investors and industry stakeholders with the current reset in the global supply chain and clear-headed and committed leadership in the country, Finance Minister Nirmala Sitharaman has told CEOs of top American companies.

Sitharaman arrived here on Friday after her visit to Washington DC where she participated in the annual meetings of the World Bank and the International Monetary Fund. Sitharaman and US Treasury Secretary Janet Yellen also co-chaired the eighth ministerial meeting of the India-USA Economic and Financial Partnership Dialogue in Washington.

“With the current reset in the global supply chain and clear-headed and committed leadership in India, I see opportunities galore in India for all investors and industry stakeholders, Sitharaman said during her address to global business leaders and investors at a roundtable organised by industry chamber FICCI and the US-India Strategic Partnership Forum here on Saturday.

Startups in India have grown tremendously and many are now raising money through capital markets. This year itself, more than 16 of them will qualify as unicorns, she said.

India has fully leveraged the potential of digitisation even during the most challenging times, the finance minister said.

The role of technology in the financial sector is enabling pushing the frontier of financial inclusion and fintechs are playing a key role in this area, she said at the roundtable, the Finance Ministry tweeted.