Finance Minister Arun Jaitley today expressed hope that government will be able to strengthen the positive investment environment in the country. Addressing a function in New Delhi today, Mr Jaitley said, the external environment is also becoming favorable for the country as China and Japan have slowed down. He said that not only mood of the industry has changed but also the way the world looks at India. The Minister said, investors essentially are the choosers and the government needs to provide them with quick decision making. Mr Jaitley said there is a need to monitor the approvals and also the need to implement projects on the ground. He said, inflation has come down from 12 per cent to 5.5 per cent and it can go down further. Mr Jaitley said government's financial inclusion programme has gone on very well and banks are doing a great job in implementing the Jan Dhan Yojana. He added that banking sector needs a large number of reforms. The Minister said, foreign exchange position of the country is quite comfortable. He said, fiscal deficit target is daunting but the real challenge is indirect taxes. Mr Jaitley said, manufacturing sector remains the focus of the government as it is linked to taxes and ease of doing business. The Minister said government's approach to taxation is extremely critical and policy has been to have fair taxes. Mr Jaitley said government is working on laws related to mining and it is also looking at rationalisation of subsidies. He said response to SAIL divestment was very encouraging as it shows the improving depth of the market . Terming the UPA government's economic planning as primitive, he said it was all about widening the vote bank. He added that this time, people have voted for decisiveness of Prime Minister Narendra Modi's leadership.Mr Jaitley said, half-hearted attempts on Goods and Services Tax, GST can be detrimental and the Centre has to be large hearted when it comes to GST roll out. He said over the next few years, banks need a lot of capital and government will bring down its equity in banks over the years.