"If you want to invest in a market where there is scale, come to India," the Prime Minister said.
Asking American investors to partner with India which is a "golden opportunity", Prime Minister Narendra Modi on Wednesday spoke about the reforms his government has taken that has boosted confidence in the country.
Speaking at Bloomberg Global Business Forum, the Prime Minister said, "Today India is in a unique opportunity where rapid growth enables us to diverse demand. Our people are rapidly defeating poverty and moving up the economic ladder."
He further explained, "If you want to invest in a market where there is scale, 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."
A number of tax reforms have been introduced by the govt which includes the introduction of GST reforms and Jan Dhan Yojna, which aims to increase the number of bank accounts for the common man.
He said, "We have a government in India that respects the business world and wealth creation" adding, "qualitative and quantitive leap in India growth story" and the aim is to make India $5 trillion economies for which India has "capability, courage, and conditions."
India has jumped in a number of global rankings due to the reforms by the Modi government. New Delhi jumped 10 ranks in logistics performance index, 24 in the global innovation index and improvement of 65 ranks in World Bank’s Ease of Doing Business Index.
He also pitched for India's nuclear supplier group or NSG bid which is a hindrance to India's growing energy need. He said "We have one challenge still. The challenge of nuclear energy. Because we are not a member of NSG, we face issue on the supply of fuel. If we get a solution on that front, then we can come out as model"
He highlighted India's climate action plans which aim to increase the share of the renewable component in overall energy basket.
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