Make in India: PM Narendra Modi promises more reforms, rolls out red carpet to investors

Ahead of the Budget, prime minister Narendra Modi on Saturday assured more reforms as he rolled out the red carpet for investors, especially the multinationals, inviting them to make use of the large pool of talented youth in the country.

"I invite all those who want to participate in the economic development of the country to generate employment for our youth. Your (investors) growth is also linked to our growth," Modi said.

"In this age of competitive world, I assure corporates across the world that India is a land where they can find talents which can help them manufacture products that are very competitive."

Modi also assured that his administration will improve the ease of doing business. He said the number of clearances for setting up a hospitality venture will be brought down from a massive 110 to just about 20.

The NDA government will present the first full Budget on February 28 with some analysts wondering whether it will be a complete reform-oriented budget following the defeat of BJP faced in the last week's Delhi elections.