India needs Rs 50-60 lakh cr FDI to bolster Covid-hit economy: Gadkari

Credit and finance for MSMEs: With coronavirus puncturing India’s economic growth, the country now needs Foreign Direct Investment worth Rs 50 to 60 lakh crore to get back on the growth track and increase liquidity into the market.

The money can be tapped mainly through infrastructure projects as well as MSME sector as the coronavirus-hit economy needs a major push, Union minister Nitin Gadkari told PTI in an interview. “Country at this juncture needs liquidity.

Without liquidity our economy’s wheel will not accelerate… Rs 50-60 lakh crore foreign investment is needed in the country under present circumstances to boost the economy,” said Nitin Gadkari, who is minister of both transport and SMEs.