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Modi pitches for US investment, promises to clear bottlenecks
In the biggest pitch yet to woo US investments, Prime Minister Narendra Modi on Thursday courted top financial sector CEOs to sell the India growth story, assuring them their concerns will be resolved and bottlenecks removed.
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New York: In the biggest pitch yet to woo US investments, Prime Minister Narendra Modi on Thursday courted top financial sector CEOs to sell the India growth story, assuring them their concerns will be resolved and bottlenecks removed.
Kicking off his second visit to the US in one year with a meeting with eight of the top 10 financial entities in the US, including JP Morgan and Blackstone, Modi outlined efforts made during the last 15 months to increase investment in key areas like infrastructure.
He outlined the government's reform agenda as well as improving economic climate and said "any bottlenecks which should not be there, will not be there."
The GDP growth last year was 7.3 per cent - among the highest in large economies world over, he said. Also, there has been a 40 per cent jump in foreign direct investment (FDI).
