"I think we have to restore back, partly we have, and over the next one-two years, we have to continue to restore the credibility of the Indian economy. It is only then that investors world over are going to feel comfortable. The initial signs are good but I think this is momentum which has to be sustained over a period of time," he added.

Describing reasons for huge amount of enthusiasm amongst investors, the Finance Minister said, “First the reform process is clear, the government's thinking is clear. A lot of changes are in the pipeline. Second, the world economy is not doing so well and investors are looking for the best place where they can put their money. And in this they find that India seems to be growing faster."

"If we can continue to grow faster at the pace, at which we have envisaged, keep our reforms in order, get investment, get a few problems off our back, hopefully have a better monsoon this year, start all the stalled projects then of course our aiming at a much higher growth rate would be much better," he told reporters.

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