Bloomberg CEO: 'India's Economic Growth Is A Great Success Story'

General News

Mike Bloomberg, CEO of Bloomberg LP, has hailed India’s economic growth as one of the great success stories of the 21st Century. He posted a video on Twitter.

Written By Jay Pandya | Mumbai | Updated On:

Mike Bloomberg, CEO of Bloomberg LP, has stated that India’s economic growth is one of the great success stories of the 21st Century. He posted a video of the Bloomberg Global Business Forum 2019 on the micro-blogging site Twitter.

In the video, Mike Bloomberg welcomed PM Modi before he addressed the gathering at the Global Business Forum. The part of PM Modi’s speech where he said, “Your desires and our dreams match perfectly. Your technology and our talent can change the world. Your skills and our skills, can speed up global economic growth. And if there is any gap anywhere, I will personally act as a bridge,” was played in the video. 

PM Modi at Bloomberg Global Business Forum

Prime Minister Narendra Modi was the keynote speaker at the Bloomberg Global Business Forum in New York on Wednesday. The meeting was attended by eminent business and political leaders from around the world. In his speech, the Prime Minister spoke about achieving global stability, he also spoke about how India can be a booming market for investors and assured leaders about India's economic calibre.

READ | 'Your desires match our dreams,' says PM Modi in eloquent assurance

PM Modi on major economic reforms in India

The Prime Minister also spoke about the major economic reforms that India has achieved in recent years, "What makes India an opportunity market is its decisiveness - despite having a diverse and federal democracy, in the last five years we have tried making business in India inclusive and transparent." He also spoke about the tax reforms and said, "Where in past India faced the wrath of taxes, we have given people the assurance of a single tax in the name of GST." The Prime Minister also said that 370 million people were given access to banking in the last five years which increased the rates of direct services and increased transparency.

READ | PM Modi holds roundtable with top global CEOs in New York; Read list

Collaboration with energy companies

A key agenda of the PM's US visit has been business. After landing in Houston on September 22, PM Modi held a roundtable conference at Hotel Post Oak involving the CEOs of 17 global energy companies, even before 'Howdy Modi'. The participating companies had left a mark in 150 countries and had a net worth of $1 trillion. On the sidelines, an MoU was signed between Tellurian, a Houston based energy major and Petronet LNG whereby the latter would invest $2.5 billion in Tellurian's proposed Driftwood LNG export terminal. In return, it will get the rights to 5 million metric tonnes of LNG yearly spanning 40 years. 

READ | PM Modi makes strong '4-factor' proposition to global business leaders

READ | PM Modi's "If you want to invest in urbanisation, come to India" pitch

By 2030, 40% Indian will not have access to drinking water