World Recognises Strength Of Indian Economy

The Prime Minister, Shri Narendra Modi addressed the inaugural function of Invest Karnataka 2022, the Global Investors Meet of the state today via video conferencing. The Prime Minister said that in the 21st century, from its current position, India has only to move forward. India received a record foreign investment of 84 billion dollars last year. Referring to the sense of global optimism towards India, the Prime Minister said, “These are uncertain times, still most of the nations are convinced about the fundamentals of the Indian Economy. In this period of fragmentation, India is moving with the world and giving emphasis on working with the world. India could assure the world about the supply of medicines and vaccines in the period of the disrupted supply chain, he said. Despite a climate of market saturation, our domestic markets are strong due to the aspirations of our citizens. The Prime Minister highlighted that even in times of a global crisis, experts, analysts, and economists have hailed India as a bright spot. “We are continuously working towards cementing our fundamentals to further strengthen India’s economy with each passing day”, Shri Modi said. The Prime Minister stressed the need to understand the trajectory of the Indian economy. He explained the change of approach from 9-10 years ago when the country was grappling with policy and implementation-related issues. He underlined that “instead of trapping the investors in the red tape, we created an environment of the red carpet for investment, and instead of making new complicated laws, we rationalised them.”