Prime Minister Modi addressing the Global Business Forum 2019 at Bloomberg listed multiple reasons justifying why investing in the Indian market is a 'golden opportunity' in the current time. He announced how the government made a number of announcements just days ahead and is not holding itself back from taking 'big and strong steps' to create a business-friendly environment in the country.
"Today, Indians is standing with the government which is not holding itself from taking big and strong steps to create a business enviornment. The government in India respects the business world, respects wealth creation. Just a few days back, we decided to reduce corporate tax, and after this step, all the people I met from the business world think this is a historic step," PM Modi said.
He added, "During this, to increase investment, the government made a number of announcements. Since the government was formed recently, we have finished 50 such laws that obstructed development. It has only been 3-4 months since the government has been formed and there's a long way to go. In this journey, it is a golden opportunity for the global business world to partner with India."
Elaborating on the various aspects from urbanised infrastructure to thriving start-ups, PM Modi listed diverse reasons for which India is a fruitful market for investment and stands at a unique position. He said, "Today India is in a unique position where our rapid growth enables us to cater to diverse demands. Our people are rapidly defeating poverty, moving up the economic ladder with increasing purchasing power thus if you want to invest in a market where there is a scale come to India."
PM Modi lists reasons why the world should invest in India:
Our middle class is a huge segment of people who are inspirational and have a global outlook, thus if you want to invest in a market where the latest trends and futures are appreciated, come to India. Our youth is one of the largest users of the app economy, from food to transport, movies to hyper-local delivery and startups are acing everything thus if you want to invest in startups with a huge market, come to India.
Our infrastructure creation is expanding at a fast rate with highways to metros, railways to ports, from airports to logistics, each sector is seeing massive investment and tremendous potential, thus if you invest in one of the world's largest infrastructure ecosystem, come to India. We are rapidly modernising our cities and equipping them with the latest technology and citizen-friendly infrastructure, thus if you want to invest in urbanisation, come to India.
We have opened our defence sector like never before, thus if you want to make in India, for India, and for the world, come to India.
We are building millions of homes for the poor and middle class, this is the largest housing efforts in the world, thus to invest come to India. The way our government is investing in infrastructure has never been done before.