India back on growth track, says Sushma

• GDP growth is showing early signs of recovery, says Swaraj
• ‘Our Government is firmly committed to bring back growth’

Manama: India is firmly committed to bring back growth and have clear policies, which will facilitate business environment, transparency and speed, External Affairs Minister Sushma Swaraj said today.

"The result is there before you in just 100 days: GDP growth is showing early signs of recovery. Indian economy has bounced back to record a growth rate of 5.7 per cent for the April-June quarter, highest in the past two-and-half years," Swaraj, who is on a two-day visit to oil-rich Bahrain, said.

"Interest in the economy has surged, queries for investment increased and the investment sentiment improved," she said, while addressing the "Diaspora Engagement Meet"."Our Government is firmly committed to bring back growth, have clear policies which will facilitate business environment, transparency and speed, well thought out decisions," she said. Swaraj said the focus of the government is growth with eye on manufacturing, infrastructure and trade. "In a major boost for the infrastructure and real estate sector, the government is proposing tax incentives for two new investment instruments -- Infrastructure Investment Trusts (InvITs) and Real Estate Investment Trusts (REITs) - to promote long term investments from foreign and domestic investors, including the NRIs," she said and asked overseas Indians to take part the growth agenda.

Expressing the Indian government's gratitude to Bahrain for receiving and hosting so many Indians, she said, "India and Bahrain enjoy excellent bilateral relations. There is a large degree of convergence between Bahrain and India on a range of international issues," she said. She said it was her first visit to the country after taking over office which was "an indication of the tremendous importance India attaches to Bahrain and to the region at large."