Have to maintain momentum on reforms: President

NEW DELHI - India has to maintain momentum on reforms and encourage more investment in the economy, President Pratibha Patil said here Monday.

We have to maintain the momentum for reforms on a wide front, Patil said in her address to the joint session of parliament, marking the start of the budget session.

She patted the government’s back for the Indian economy going on a trajectory of high growth despite an adverse global environment.

However, there are no rooms for complacency. We have to strive to make the domestic environment more conducive to investment, encouraging public as well as private investment, and domestic as well as foreign investment, particularly foreign direct investment, she said.