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Finance Minister Arun Jaitley on Tuesday said that the government would now focus on increasing banks' ability to support economic growth.
The spate of legislative actions including enactment of bankruptcy code and structural reforms made by the government in the last two years will help boost India’s growth and overall development, Jaitley told members of the visiting US CEO forum, who called on him in his North Block office today.
Booster doseJaitley said that Indo-US trade will get a boost from the business-to-business, business-to-government and government-to-government interaction between the two countries.
Jaitley also said that foreign investment was important for India especially in the infrastructure sector.
The members of the US CEOs Forum included Jim Taiclet, Chairman, President and CEO, American Tower Corporation (ATC); Douglas L. Peterson, Chief Executive Officer and President of S&P Global Inc. (formerly McGraw Hill Financial, Inc.); Paul E. Jacobs, Executive Chairman and Chairman, Qualcomm Incorporated; Eric Alexander, Head of Business, Uber APAC; Mukesh Aghi, President, US-India Business Council (USIBC) and Nivedita Mehra, Country Director – India-USIBC; Sanjay Bhatnagar, President and CEO, Water Health International; Dinesh Paliwal, Chairman, President and CEO, Harman International; Amit Agarwal, Vice-President and Country Head, Amazon India, among others.
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