Green shootings are seen in various sectors of the economy and the country is already witnessing a ‘V-shaped’ recovery, Minister of State for Finance and Corporate Affairs Anurag Thakur said on Saturday.
Thakur said, “India is already seeing an improvement in the ‘V-shape’. The FPI inflow was 725,787 crore, with green shoots taking place in different areas in the month of February.” .
After two consecutive quarters, according to data released by the Office of National Statistics (NSO), the country’s gross domestic product (GDP) entered a positive zone with a growth of 0.4% in the October-December quarter of the current fiscal. in February.
Mr. Thakur said that the country’s foreign exchange reserves, which have been steadily increasing for the past few months, reached an all-time high of $ 590 billion in January 2021.
He said that the increase in foreign exchange reserves was $ 100 billion in the last eight months.
Thakur said, “These are signs of confidence that global funds and investors see India as a destination for investment and they are upbeat about India’s growth story.”
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