Two years on, India back on global radar : Arun Jaitley, Finance Minister, India
Updated on: 10 Jun 2016
In two years since the BJP-led government took charge, India is back on the global radar, said Finance Minister Arun Jaitley, who was the chief guest at the tenth edition of the CNN-News18 Indian of the Year award ceremony.
Perception about India has changed and it is now on high priority of various countries, he said.
Responding to his take on judicial overreach, Jaitley said the independence of judiciary is required and must be maintained at all cost. However, judiciary can only direct but cannot perform an executive function.
"Just as independence of judiciary is essential, separation of power between Parliament and the judiciary is also essential,"he added.
He countered the government's aggressive stance on black money by pointing to the fact that India is one of the very few economies where there is desire to avoid tax even though the tax rates are reasonable. The systems have been lax until now but as the country grows they will have to be tightened, he said.
Below is the verbatim transcript of Arun Jaitley's interview with Bhupendra Chaubey.
Q: Everybody said, I must ask you to throw some light on what is it that has changed about India according to you in these last two years since you came into power, since you have just celebrated your second anniversary also in power.
A: I think India is back on the radar. There was almost a distinct possibility that India was not being noticed. I think this trend has changed in the 1990s and we were again threatened with falling off back into the same trend.
The most significant factor is India is back on the global radar. It is on a very high priority on agenda of various countries, agenda of various corporations and I think the whole perception of India is undergoing a change.
Q: What do you mean by that? You have often said that perception about India has changed. I know that you have just come back from Japan, the Prime Minister was in America and he was given a rapturous welcome. I see the New York Times has put his pictures on the front pages. When you talk about perception changing, are we becoming more decisive as a nation?