Nir­mala Sithara­man

MOS (IN­DE­PEN­DENT CHARGE) FOR COM­MERCE AND IN­DUS­TRY

India Today - - 30 YEARS OF MODI GOVERNMENT | MANUFACTURING - —Uday Mahurkar

NIR­MALA SITHARA­MAN CAN AF­FORD a smile nowa­days. For, in 2016, In­dia out­classed China after many years as the world’s FDI leader, bring­ing in $63 bil­lion to China’s $56 bil­lion giv­ing a ma­jor push to the Make in In­dia cam­paign that comes un­der her min­istry. The coun­try hasn’t sus­tained the ini­tial mo­men­tum, though, as a slew of fac­tors, in­clud­ing a cau­tion on in­vest­ments as global de­mand slowed and In­dia’s in­abil­ity to fix its ease of do­ing busi­ness pa­ram­e­ters, played spoil­sport, lead­ing to mixed re­sults.

The ex­port turn­around has come as a breather. After a two-year low, In­dian ex­ports reg­is­tered a spurt in the fourth quar­ter, touch­ing $274.65 bil­lion in 2016-17. Man­u­fac­tur­ing too has inched up. Sithara­man has been able to fa­cil­i­tate a few in­vest­ments into the coun­try, as well as help with Start Up In­dia. Her min­istry is also now rank­ing the states on ease of do­ing busi­ness. The boards for spices, tea, cof­fee and rub­ber have been re­ac­ti­vated.

VIKRAM SHARMA

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