Economy on recovery path: Jaitley
Signalling a revival in the economy, the government released a data on Friday which showed the country's gross domestic product (GDP) grew by 5.7 percent in the April-June quarter of 2014-15.
Jaitley told a press conference along with Commerce Minister Nirmala Sitharaman that his government has allayed investors' fear on retrospective tax, created a special mechanism for tax dispute resolution and took some firm decisions on insurance sector.
"The raising of FDI in defence has been accompanied, by a series of other steps," he said that a sea change in terms of investment has been effected.
"Long-term impact of decisions taken in 100 days will be gradually felt," he said.