IMF sees India as ‘brilliant spot’ in world economic system, says PM Modi
4 min read
By PTI
INDORE: Prime Minister Narendra Modi Wednesday stated the International Monetary Fund (IMF) sees India as a “bright spot” within the world economic system and in keeping with the World Bank, India is in a greater place to cope with the worldwide headwinds than many different international locations.
This is due to India’s robust “macroeconomic fundamentals”, Modi stated whereas just about addressing the inaugural operate of the seventh version of ‘Invest Madhya Pradesh-Global Investors Summit’ in Indore. The theme of the two-day summit is ‘Madhya Pradesh-The Future Ready State’.
Modi stated the optimism for India is pushed by its robust democracy, younger demography and political stability. Due to those, India is taking selections that increase the convenience of dwelling and ease of doing enterprise, he stated.
“The IMF sees India as a bright spot in the global economy while the World Bank says India is in a better position to deal with global headwinds than many other countries,” Modi stated.
“When we talk about a developed India, it is not just our expression but it is the resolve of every Indian,” he stated. India has been on the trail of “reform, transform and perform” since 2014, the PM stated.
The Atmanirbhar Bharat Abhiyan has imparted larger momentum to it. As a end result, India has turn out to be a beautiful vacation spot for funding, he stated.
“In eight years, we have doubled the speed of construction of national highways. During this period, the number of operational airports in India has doubled. India’s port handling capacity and port turnaround have improved phenomenally,” he stated.
The Organisation for Economic Co-operation and Development (OECD) has stated India might be among the many fastest-growing economies within the G20 group this 12 months, he famous.
According to Morgan Stanley, India is shifting in the direction of changing into the world’s third-largest economic system within the subsequent 4-5 years, whereas the CEO of McKinsey has stated this isn’t solely India’s decade, however India’s century, the PM added.
The key targets of the Global Investors Summit are – showcasing the commercial ecosystem of the state, selling the state insurance policies, session with industrial organisations to formulate industry-friendly insurance policies, collaboration alternatives, selling export potential and buyer-seller meets and vendor improvement, an official earlier stated.
INDORE: Prime Minister Narendra Modi Wednesday stated the International Monetary Fund (IMF) sees India as a “bright spot” within the world economic system and in keeping with the World Bank, India is in a greater place to cope with the worldwide headwinds than many different international locations.
This is due to India’s robust “macroeconomic fundamentals”, Modi stated whereas just about addressing the inaugural operate of the seventh version of ‘Invest Madhya Pradesh-Global Investors Summit’ in Indore. The theme of the two-day summit is ‘Madhya Pradesh-The Future Ready State’.
Modi stated the optimism for India is pushed by its robust democracy, younger demography and political stability. Due to those, India is taking selections that increase the convenience of dwelling and ease of doing enterprise, he stated.
“The IMF sees India as a bright spot in the global economy while the World Bank says India is in a better position to deal with global headwinds than many other countries,” Modi stated.
“When we talk about a developed India, it is not just our expression but it is the resolve of every Indian,” he stated. India has been on the trail of “reform, transform and perform” since 2014, the PM stated.
The Atmanirbhar Bharat Abhiyan has imparted larger momentum to it. As a end result, India has turn out to be a beautiful vacation spot for funding, he stated.
“In eight years, we have doubled the speed of construction of national highways. During this period, the number of operational airports in India has doubled. India’s port handling capacity and port turnaround have improved phenomenally,” he stated.
The Organisation for Economic Co-operation and Development (OECD) has stated India might be among the many fastest-growing economies within the G20 group this 12 months, he famous.
According to Morgan Stanley, India is shifting in the direction of changing into the world’s third-largest economic system within the subsequent 4-5 years, whereas the CEO of McKinsey has stated this isn’t solely India’s decade, however India’s century, the PM added.
The key targets of the Global Investors Summit are – showcasing the commercial ecosystem of the state, selling the state insurance policies, session with industrial organisations to formulate industry-friendly insurance policies, collaboration alternatives, selling export potential and buyer-seller meets and vendor improvement, an official earlier stated.
