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The Finance Minister, Mr P. Chidambaram, on Monday invited more investments from the countries of the Arab world, highlighting that none of them, including the oil-rich countries, are in the list of top 10 investors in India.
"While trade and exchange of human resources (between India and the Arab world) have been impressive, I should point out that investment flows have not been as impressive. I believe this is a situation that deserves to be corrected," Mr Chidambaram said at an international conference on `Indo-Arab relations: Partnership in development' here today.
He observed that oil producing countries today have large reserves and felt that India could be an attractive destination for investing a part of these reserves.
He said that India had recorded over 8% GDP growth in the last three years and this year too, the economy would register a growth rate of not less than 8%.
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