New Delhi : Finance Minister Arun Jaitley has said that private sector needs to invest in a big way for the economy to perform as best as possible. Observing that domestic investment continues to be a challenge, Mr Jaitley called upon the banking sector to support corporates to propel growth. Addressing a seminar on debt recovery in Gurugram, he said, public investment and foreign capital on which the economy is firing are intact.

The minister spoke of liberalisation of FDI policies because of which India has emerged as a preferred destination of foreign investment. He asserted that foreign investors are getting far greater returns on their investment in India than in any other country.
Mr Jaitley also stressed the need for more efficient recovery process for defaulting companies. The Finance Minister said, RBI has been very flexible in addressing bank concerns.