Speaking at the Plenary session of St Petersburg International Economic Forum, PM Modi hailed Indo-Russia ties and spoke about various initiatives in India to improve the economy like GST and Digital India. He said: “ India- Russia ties are not utilitarian. There is an underlying trust in our ties & our ties have grown stronger & deeper over time. The eyes of the world are on Asia and there is renewed interest in India. In the last three years there have been substantial reforms, guided by the principle of 'Minimum Government, Maximum Governance'.”
He added: “Political will, political stability and clear vision set the tone for transformative reforms. GST will be implemented and there will be a uniform system of taxation. This will benefit industry. We are living in the era of technology. In that context, a digital divide can adversely affect the development trajectory of any nation.”
Highlights of his interaction at SPIEF:
India-Russia relations have continuously strengthened over 70 years irrespective of changes in the world
I invite Russian investments in infrastructure, defence and manufacturing sectors.
In India, sky is the limit. There are opportunities in several sectors
125 crore people of India are inviting you- explore the opportunities in India
Even before Paris agreement, India has been working to protect the climate.
India is committed to protecting climate
Irrespective of Paris agreement; avoids direct comment on US President Donald Trump's announcement of withdrawal from the deal
The world today is different from what it was two decades ago. The world is now interconnected and interdependent
India and China are increasing their economic cooperation
Back in the 80s & 90s, lot of nations saw terrorism as a law and order issue of the affected country
For 40 years, India has been a victim of cross border terrorism
It was after 9/11 that the entire world realised the dangers of terrorism
The world must come together to fight terrorism
There are nations that supply terrorists with arms and currency