India making efforts to decontrol economic system to draw larger investments: Goyal

NEW DELHI: The authorities is making efforts to decontrol the economic system with an goal to draw larger investments from the world over, Commerce and Industry Minister Piyush Goyal mentioned on Wednesday.

He mentioned the federal government has opened up defence, manufacturing, mining, finance and capital market sectors.

The authorities has additional liberalised agricultural legal guidelines to encourage extra investments in agri-processing and open up markets in order to extend the earnings of farmers, he mentioned at CII’s Partnership Summit.

“India is making efforts to deregulate its economy for greater investments from other parts of the world,” he mentioned.

Goyal additional mentioned India supplies big alternative for investments, and procurement of products and providers.

“India is looking forward for working with friends and neighbours, and having a global footprint. India is working to turn the COVID crisis into an opportunity, and is confident of reaching the target of USD 5 trillion economy by 2025, and USD 10 trillion in another 7-10 years,” the minister mentioned.