A larger Indian economy has multiple benefits for the world: PM Modi

Published By : Admin | June 8, 2016 | 05:38 IST
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India is poised to contribute as a new engine of global growth: PM
India much more than a market. India is a reliable partner, a source of high quality scientific, engineering & managerial talent: PM
In 2 years, we have managed to overcome the odds and register an impressive economic performance: PM
We are encouraging foreign and domestic investors to set up high quality and efficient manufacturing facilities: PM
For our economy to succeed, we need a strong banking system: PM
We will continue to make progress on improving the investment climate and Ease of Doing Business: PM

Addressing the 41st AGM of the USIBC, Prime Minister Narendra Modi today said that India was an engine of global growth and the country’s economy had multiple benefits for the world. Shri Modi said that India was more than only a market. The PM said that the country had a source of high quality scientific, engineering and managerial talent.

The Prime Minister remarked that Indian-Americans were a powerful cementing force in our growing economic and cultural ties.

The PM highlighted that from the past two years India had been registering an impressive growth as a result of the continuous reforms being undertaken by the Government of Inda. Shri Modi shed light on several initiatives that were transforming lives of people a grassroots. “Jan Dhan Yojana has also transformed the ability of the poor to make and to receive electronic payments. We have paid special attention to gender justice and to empowering women.”

The Prime Minister also spoke about Government of India’s efforts to maintain prudent macro-economic policies and improve the investment climate in the country.

Click here to read the full text speech

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India appreciates the government’s policies and reforms toward building stronger infrastructure and better economic development.