As India and China push forward with their reset, Union Finance Minister Nirmala Sitharaman said that there is a greater need on 'true engagement'.
“Unless there is a true engagement and not a procrastinating engagement, a conclusion with the Chinese takes time,” she added in an interview with Network18 Group Editor-in-Chief Rahul Joshi.
“We need to have trade conversations, market access conversations and unless we do that we can talk about a lot of these issues. I think in one or two cases we have relaxed norms for investments from China, and projects have opened for them. India is open for investments.”
On revenue growth for corporate India, she said: “I think it is also a question of how they are deploying resources and earning out of it. Businesses will also have to look at increasing their risk taking capacities and that will be the prime mover for revenue for businesses.”
When asked whether petroleum products and alcohol would be brought under the GST framework, Finance Minister Nirmala Sitharaman clarified that no such change is planned in the near future. She also dismissed comments made by former Trump aide Peter Navarro, who accused “Brahmins of profiteering” from India’s purchase of Russian oil, and criticised the opposition for echoing US views.
“Who cares? Honestly, who cares? I want Indians to think independently. Those defending such remarks must remember—we’ve been free for over 75–80 years. We will manage our own affairs and look after ourselves,” she asserted.
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