Read more about Private sector investments imperative for growth: Jaitley on Business Standard. However, he said that ease of doing business will need constant monitoring and improvement

• Finance Minister Arun Jaitley today told Silicon Valley corporate leaders and investors that for growth to gain traction increase in private sector investments was imperative, even as he cautioned that ease of doing business would need constant monitoring and improvement.

• Some of the companies around the table included Microsoft, Applied Materials, Amazon, Oracle, Hewitt Packard, Visa, Franklin Templeton, Google, Cisco, First Solar, Aemetis, Ebay, Qualcomm, Blackberry, San Disk among others.

• Alluding to the much stronger economic fundamentals, Jaitley mentioned that the prediction is improving and with it the prospects of the sector doing better, which would put the economic growth prospects on an even better footing.The manufacturing sector had started to do much better after a protracted period of slowdown, he said.Commenting on demand revival, Jaitley mentioned that micro attention was being paid to stalled projects and a pick up in that area would be helping demand for industrial products.A benign inflation situation could further allow softening of interest rates, he said.Touching on some of the challenges, Jaitley mentioned that the ease of doing business would need constant monitoring and improvement and eventually for growth to gain traction it was imperative that private sector investments picked up.Dr Naushad Forbes, president-designate, emphasised "India and the US are natural partners owing to common principles of democracy and federalism.

• India is a noisy and vibrant democracy that has an innovative private sector as its growth engine.

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