Synopsis
Despite a climate of market saturation, our domestic markets are strong due to the aspirations of our citizens, the PM said, kicking off a three-day global investors meet (GIM) in Bengaluru. “We are continuously working towards cementing our fundamentals to further strengthen India’s economy with each passing day.”
Prime Minister Narendra Modi on Wednesday said even in times of a global crisis, experts, analysts and economists have hailed India as a bright spot.
Despite a climate of market saturation, our domestic markets are strong due to the aspirations of our citizens, the PM said, kicking off a three-day global investors meet (GIM) in Bengaluru. “We are continuously working towards cementing our fundamentals to further strengthen India’s economy with each passing day.”
Modi attributed the success of the Indian economy to the change his regime ushered in from trapping the investors in the red tape to creating an environment of the red carpet for investment. Instead of making new complicated laws, the government rationalized them.
He referred to the sense of global optimism towards India and 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.
“Building a New India is possible only with bold reforms, massive infrastructure and the best of talent. Today bold reforms are carried out in every sphere of the government,” Modi said.
Steps like decriminalisation of many company law provisions, facel
