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Sitarman said that the Indian economy is the one where investors are giving better returns, which leads to profit booking
Ajay Seth, Secretary, Department of Economic Affairs, rejected any idea of a government intervention in the market due to heavy sales, saying that such a step can only be taken when there is any evidence of market failure , Which is not currently the case. (PTI file)
Finance Minister Nirmala Sitarman on Monday blamed action for profit booking on foreign institutional investors (FIIs), demanding a acceptance of concerns over selling Indian equity.
Speaking to reporters in the financial capital, Sitarman said that the Indian economy is where investors are giving better returns, which makes profit booking.
“FIIs still go out when they are able to book profits. Indian market today, the Indian economy today, is an environment in which investment is also giving good returns and profit booking is also being done, “he said.
It can be noted that FIIs have sold more than Rs 1.56 lakh crore from October last year, including about Rs 1 lakh crore in 2025, due to which there has been a sharp improvement on indices and the investor has erased money Has gone.
Finance Secretary Tuhin Kanta Pandey said that FII is not going from one emerging market to another, and said that in the time of global uncertainties, they are being seen alike right now, they go back to the original country, which is mostly America.
He also indicated that these changes could be temporary, and said that the Indian markets are flexible.
Explaining that apart from demand-supply issues, the possibilities of development also affect investor behavior, Pandey said that India remains the fastest growing big economy and said that development-oriented measures in the recently announced budget Is a group of.
“We have faced global headwind in the past, and will continue to face them. But I think India is in a strong position to handle it, “he said.
Ajay Seth, Secretary, Department of Economic Affairs, rejected any idea of a government intervention in the market due to heavy sales, saying that such a step can only be taken when there is any evidence of market failure , Which is not currently the case.
Seth said that equity does not work on government policies alone, and said that foreign investors move to grow or large markets in a period of uncertainty.
He said that when India has talked about the events of the world in parts, it is not fully de-e-upgraded.
For a question on the US posture on the tariff, Sitarman said that India is working towards becoming more investor friendly and has pointed to recent budget announcements on customs improvements.
India has taken several measures in the last two years in the last two years with the approach to protect local industry and jobs, said, saying that security guards or anti-dumping duties are also reviewed from time to time.
(This story has not been edited by News18 employees and a syndicated news agency has been published from feed – PTI,
