Days after presenting her fifth straight Union Budget, Finance Minister Nirmala Sitharaman on Saturday assured that India’s macro fundamentals and the economic image of the country would not be affected by Adani Group’s withdrawal of its FPO, further adding that FPOs come in and FIIs get out.
“Our macroeconomic fundamentals or our economy’s image, none of which has been affected. Yes, FPOs (follow-on public offers) come in, and FIIs get out,” Sitharaman said while claiming that USD 8 billion in forex came in the last two days.
