The Finance Minister Pranab Mukherjee today said, the government is taking steps to improve inflow of foreign investment and the impact of the initiatives will become visible after some time. Yesterday, Fitch lowered India's credit outlook from stable to negative, citing reasons such as corruption, inadequate reforms, high inflation and slow growth. It was the second rating agency to lower outlook after Standard and Poor's.Mr. Mukherjee said, the government had taken note of the concerns expressed by Fitch. Adding that the steps taken by the government to relax External Commercial Borrowings norms and creation of Infrastructure Debt Fund too, were yielding results, Mr. Mukherjee said, there is some improvement in FDI and FII inflows. The Finance Ministry yesterday rejected the assessment of Fitch saying that its action was based on old data.