Minister Sharma, Ladies and Gentleman: It is a great pleasure to be in New Delhi to present the OECD's Investment Policy Review of India.

Investment policy is a crucial component of the recovery strategies of all countries. In a world where FDI flows have contracted significantly, where corporations are rationalising their investment decisions, the investment climate in our economies is acquiring a magnified importance.

Countries have a lot to learn from each other, and this study can made a solid contribution to policy making in this area.

In recent years, India has become a major global player with high economic growth rates and is today both a major destination for FDI, and a major source of FDI.

India's performance in the past year has been particularly impressive in view of the global collapse in FDI flows. This is a vote of confidence in India.

OECD investment policy review of India: key messages