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Best time to invest in India: PM Modi at Davos forum : The Tribune India

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Tribune press service

New Delhi, January 17

Prime Minister Narendra Modi told a gathering of world business and political leaders today that now is the best time to invest in India.

Pointing out that in the economic field, India was progressing with encouraging results, he said that a strong democracy like India brings the world a “beautiful gift”. The Prime Minister delivered a special address online at the World Economic Forum in Davos.

The gift, he said, was “a bouquet of hope” even as India battled a new wave of the Covid pandemic with appropriate circumspection and caution. “There was a time when India was known for its raj license. But the current government understands the difficulties faced by businesses and is constantly trying to remove all these challenges. Today, the ease of doing business has increased, government interference has decreased, and corporate tax rates have been reduced to make them more competitive in the world. These sweeping economic reforms are another big reason why India is the most attractive destination,” he said.

Green and clean growth

Today, India is developing policies for the next 25 years. This period of growth will be green, clean, sustainable and reliable. We will meet all expectations. —Narendra Modi, PM

Just as expatriate Indians were flaunting their skills on the world stage, young people in India were ready to take “your businesses to new heights”, the prime minister said while listing insurance, defence, banking and space like sectors that had been deregulated and where overseas. companies need to invest.

The Prime Minister gave a detailed overview of the reforms so far, such as reducing 25,000 compliance-related standards, removing retrospective taxation and generally restoring industry confidence. “The geospatial mapping space has been deregulated and outdated regulations removed in the IT and BPO sectors. India is committed to becoming a trusted partner in the global supply chain,” a- he added.

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