Best time to invest in India
Prime Minister Narendra Modi on Sunday made a strong appeal to the business leaders to invest in India saying that this is the best time to be in the country.
Bangkok: Prime Minister Narendra Modi on Sunday made a strong appeal to the business leaders to invest in India saying that this is the best time to be in the country.
"I am eager to give you a picture of some positive changes happening in India today. I say this with full confidence, this is the best time to be in India," Modi said while speaking at an event here, where he outlined various endeavours of the Government of India.
The Prime Minister spoke about India's improved position in World Bank's Ease of Doing Business (EODB) ranking and said, "Many things are rising while others are falling.
Ease of doing business, ease of living, FDI, forest cover, patents, productivity are rising while taxes, tax rates, red-tapism, corruption, cronyism are falling.
The corrupts are running for cover." Modi also emphasised that India and Thailand have strong cultural linkages and said that commerce and culture have inherent powers to unite. "For investment and easy business, come to India.
To innovate and starting up, come to India. To experience some of the best tourist sites and warm hospitality of people, come to India. India awaits you with open arms", the Prime Minister told the business community leaders.
The Prime Minister has also laid out his vision of making India a USD five trillion economy and said that it will be achieved very soon.
"India is now pursuing a dream to become a USD 5 trillion economy. When my govt took over in 2014, India's GDP was about USD 2 trillion. In 5 years, we increased it to nearly USD 3 trillion.
This convinces me that dream of USD 5 trillion economy will soon be a reality," Modi said.