Finance Minister Arun Jaitley today hinted at more liberalisation measures to insulate the economy from global slowdown and hoped that investment inflow would improve. He was today addressing a seminar attended by experts from BRICS nations, on better international taxation procedures and global best practices to attract foreign investment. <br/><br/>Mr. Jaitley said that Public investment has played big role in India's growth. He said that fears of spillover of trade protectionism from developed world are real. Mr. Jaitley hoped that the fears about free trade will subside once the US presidential election is over. The Finance Minister also said that BRICS has its own challenges while India's experiences have been different in the problems that other countries have faced. He said that, over the last few years, heads of government have been meeting and expanding the areas of network. He further said increased cooperation is now taking place and contingency reserves arrangements are in place. <br/><br/>RBI Governor, Urjit Patel, who was also present at the occasion said that, India's average economic growth is seen as 5.1% this year. He said that BRICS must work on improving business environment. He further added that outlook for global commodity prices remain soft. Mr. Patel was of the opinion that India needs to manage commodity cycles better. He also added that Spillovers from global monetary policy are a risk to BRICS. RBI governor added that events like BREXIT, US Presidential election also affects India's policies going forward. <br/><br/>K.Sinha of SEBI Chairman said that Problems of BRICS Countries are behind us. India can have more agencies like the New Development Bank.