Finance Minister Arun Jaitley said on Tuesday that India may still be a developing country but is no longer influenced by the rising clamour for protectionism around the world, and is instead looking to further open up its economy to spur investment and trade. Speaking at the U.K. India Tech summit in the capital, the minister said, “Normally, it is the least developed and developing economies that cry for protectionism and that is a voice which is now almost not heard in India. We are looking to open up and that’s been the direction of our economy.”“We have wasted many opportunities in the past. And an aspirational nation does not want to let go of any opportunities for the future,” Mr. Jaitley said, adding that though India is now the fastest growing major economy, there is a great amount of impatience to grow even faster. “We (also) seek a lot of investment into India.

Source: The Hindu November 08, 2016 18:33 UTC