A worker carries a shovel at construction sites in the backdrop of monsoon clouds in Kolkata, July 31, 2018. REUTERS/Rupak De Chowdhuri/Files
NEW DELHI (Reuters) - Finance Minister Arun Jaitley’s forthcoming budget should spell out a clear road map to improve investment flows in a market-driven economy and to generate an acceleration in the capital goods sector, a central agency said on Monday.
The Central Bureau of Investigation (CBI) said in a report submitted to the government that India should also place priority on improving coordination among the various arms of government that have active oversight of investment flows.
According to the report, the coming budget should try to identify weaknesses in the current policy framework and recommend measures to strengthen it, the CBI said in the report, which was submitted to the government on Friday.
“An effective roadmap towards enhancing foreign direct investment flows in the country should be sketched out,” the CBI said.
India’s general capital account deficit - the difference between inflows and outflows in the current account - widened to $4.21 billion in December from $1.87 billion in November.