Prime Minister Narendra Modi pitched the Indian economy to the international business community while delivering the keynote address at the Bloomberg Global Business Forum 2019 in New York on Monday. The forum sees various political and business leaders in attendance namely, former US President Bill Clinton, former International Monetary Fund (IMF) chief Christine Lagarde and several CEOs of Fortune 500 companies. It is here that the Prime Minister, among other things, issued an open invitation to all of those looking to invest in startups.
#ModiPowerPush | Today there are four important factors of India's growth story which are difficult to meet in the world together. These 4 factors are Democracy, Demography, Demand and Decisiveness: PM Modi at the Bloomberg Global Business Forum 2019— Republic (@republic) September 25, 2019
The Prime Minister said, “In this journey to partner with India, for the businesses of the world, it is a golden opportunity,” he added, “friends, today India is in a unique position wherever rapid growth enables us to cater to diverse demand. Our people are rapidly defeating poverty, moving up the economic ladder with increasing purchasing power, and thus if you want to invest in a market where there is a scale come to India.”
If you want to invest in start-ups with a huge market, come to India: PM— PMO India (@PMOIndia) September 25, 2019
“Our middle class is a huge segment, a huge segment of people that are aspirational and has a global outlook thus if you want to invest in a market where the latest trends and futures are appreciated come to India,” he added. Coming to the Indian youth, he said “our youth are one of the largest users of the app economy from food to transport and from movies to hyper-local delivery, startups are acing everything thus if you want to invest in startups with the huge markets come to India.” the Prime Minister said.
#ModiPowerPush | Due to the encouragement that the youth of India are getting regarding innovation, India is at number 3 in terms of Unicorns after America and China: PM Modi at the Bloomberg Global Business Forum 2019https://t.co/Ar5oNWEpM1 pic.twitter.com/txuowPVVGN— Republic (@republic) September 25, 2019
To emphasise India's growth and spell out the ambition entailed, he voiced his $5 trillion economy goal, and presented its upward trajectory since 2014.
#ModiPowerPush | Your desires and our dreams match perfectly. Your technology and our talent can change the world. Your scale and our skills can speed up global economic growth: PM Modi at the Bloomberg Global Business Forum 2019https://t.co/Ar5oNWEpM1 pic.twitter.com/vtZPUCPxKk— Republic (@republic) September 25, 2019