India’s Finance Minister Nirmala Sitharaman here said the Biden Administration and leaders from the corporate sector in the US have welcomed recent economic reforms introduced by her government.
“The reforms that we’ve undertaken, particularly the steps taken for the withdrawal of the retrospective tax has been mentioned by the United States Administration as a very positive step,” she said.
“The businesses with whom we have been interacting have also welcomed that decision,” Sitharaman told reporters here at the conclusion of the Washington DC-leg of her US trip.
From here, she will go to New York for an interactive session with the business community before flying back home.
She started her week-long trip from Boston.
“Many of them (businesses) thought it was bold and even though it took some time to come. We have also explained that they were legal compulsions before which we had to wait because some of the litigations which were going on had to come to a logical conclusion,” she said.