Improvement in the macroeconomic situation and investor sentiment on account of a series of steps taken by the new government helped attract higher FDI, she said.
According to Cabinet secretary Ajit Seth, the government recognises that a number of steps need to be taken to make the process of setting up of a business easier and the government is already in the process to make this happen.
On Tuesday, Cabinet Secretary Ajit Seth has called a meeting of top officials to consider what to do with the 10 firms that make the biggest losses. They had a combined net loss of Rs 245 billion (USD 4 billion) in 2012/13.
Amid declining industrial growth, the government today said that several policy measures will be taken to arrest the slowdown and boost investments.
The government has formed a committee under the Cabinet secretary to look into pay-related issues of the armed forces and the long-pending demand of 'One Rank-One Pension' of the ex-servicemen.