Private sector expansion is needed, says Arun Jaitley

“Foreign investors are getting far greater returns on their investment here than in any other country,” he asserted.

“Public investment and foreign capital on which the economy is firing are intact… domestic investment is still a challenge.”

The minister further said there is a “silver lining” visible with festive purchases, indicating upturn in rural and urban demand, but domestic investment will have to pick up in a big way for which banks need to do their bit by supporting corporates and thus boosting growth.

(Sourced from agencies, feature image courtesy:oneindia.com)