Lagatar24 Desk
New Delhi, Jan 11: Prime Minister Narendra Modi inaugurated `Invest Madhya Pradesh – Global Investors Summit 2023′ through video conferencing held in Indore on Wednesday.
Addressing the summit, PM Modi said, “Optimism for India is driven by strong democracy, young demography and political stability. Due to these, India is taking decisions that boost the ease of living and ease of doing business. India has been on the path of reform, transform and perform since 2014. India has become an attractive destination for investment.”
Even during a once-in-a-century crisis, we took the path of reforms. India has been on the path of reform, transform & perform since 2014. Atmanirbhar Bharat Abhiyan has imparted greater momentum to it. As a result, India has become an attractive destination for investment: PM pic.twitter.com/ozaF8ziw4c
— ANI (@ANI) January 11, 2023
Prime Minister also said institutions and credible voices that track the global economy have unprecedented confidence in India.
“The IMF sees India as a bright spot in the global economy. The World Bank says that India is in a better position than many other countries to deal with global headwinds. This is because of India’s strong macroeconomic fundamentals,” he added.
Quoting Organisation for Economic Co-operation and Development (OECD), the PM said, “This is because of India’s strong macroeconomic fundamentals. India will be among the fastest-growing economies in the G20 groups this year. According to Morgan Stanley, India is moving towards becoming the world’s third-largest economy in the next four to five years”.
On the private sector, the PM asserted that today’s New India is moving ahead by trusting its private sector and that strategic sectors such as Defence, Mining and Space have been opened for the private sector.
Today's New India is going ahead by also trusting its private sector. We have opened several strategic sectors like Defence, Mining and Space for the private sector: PM Narendra Modi at the Global Investors' Summit in Indore, Madhya Pradesh pic.twitter.com/gT22rwrJsC
— ANI (@ANI) January 11, 2023
He further mentioned that recently, a prestigious International bank conducted a survey in which they found that a majority of investors preferred India.
