India, June 16 -- Finance Minister Nirmala Sitharaman on Monday said the measures announced by the RBI and Government to boost foreign fund inflows are the "first step" to bring back foreign capital and indicated that more steps could be in the offing.

Sitharaman also said that there is a need to be prepared for exigencies arising out of the evolving global situation as the Indian economy is facing "severe strain" from import of key raw materials, as well crude oil and fertilisers.

Speaking at the Mindmine Summit 2026, Sitharaman said an analysis by the RBI and the Government has shown that the bond market can be a "very good magnet" to absorb foreign capital.

Accordingly, to reduce compliance burden for foreign investors in Government...