Reform or perish; investors don't like policy paralysis: Jaitley's ultimatum to states

Gurgaon: Finance Minister Arun Jaitley today called upon states to reform to attract investment, saying investors do not like policy paralysis and prefer destinations that offer more favourable business and political environment.

"In addition to co-operative federalism, India has also become a competitive federalism. The future would be competitive federalism because it's not Centre-state relation, but it is states and states competing with each other in order to attract investment," he said.

Arun Jaitley in Parliament. FIle photo. PTI

Arun Jaitley in Parliament. FIle photo. PTI

Addressing domestic and global investors at the 'Happening Haryana' event here, Jaitley said now more and more states are
organising investor summits.

"Those who don't reform, people in those states are at a disadvantageous state and those who are in a position to offer more favourable economic, business and political environment to investors certainly... are going to benefit," Jaitley said.

"Reform or perish could not be more true than it is today."

The finance minister, who has announced a host of steps to boost manufacturing and real estate sectors, said if there is an environment of paralysis and policies are not reforming, the investor does not feel enthused enough to invest there. Stressing on the need for further improvement of transport infrastructure, Jaitley said he reached late by 20 minutes for
the event due to heavy traffic on the National Highway. Speaking about the Jat reservation which led to loss of life and property, Jaitley said "dark clouds are over" and the state has a huge sense of resilience.

Updated Date: Mar 08, 2016 08:27 AM

Also Watch

Watch: Firstpost test rides the new Thunderbird 500X in Goa and walks you through the Royal Enfield Garage Cafe
  • Tuesday, April 17, 2018 Varun Dhawan on Shoojit Sircar's October, 5-star reviews and working with Anushka Sharma in Sui Dhaaga
  • Saturday, April 14, 2018 Ambedkar Jayanti: Re-visiting Babasaheb's ideals exposes fake Dalit politics of Rahul Gandhi and Congress
  • Monday, April 9, 2018 48 hours with Huawei P20 Pro: Triple camera offering is set to redefine smartphone imaging
  • Monday, April 16, 2018 Rajyavardhan Singh Rathore interview: Sports can't be anyone's fiefdom, we need an ecosystem to nurture raw talent

Also See