Nirmala Sitharaman says foreign investment measures are first step, hints at more reforms

Union Finance Minister Nirmala Sitharaman. Pic/PTI

Finance Minister Nirmala Sitharaman on Monday said the measures announced to boost foreign fund inflows are the "first step" to bring back foreign capital and indicated that more steps could be in the offing.

Sitharaman also said that there is a need to be prepared for exigencies arising out of the evolving global situation as the Indian economy is facing "severe strain" from imports.

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