Reforms continue even in times of crisis, global organizations now trust India – PM Modi

Prime Minister Modi said India’s strong economic fundamentals led the IMF to view the country as a “bright spot” in the global economy, and the World Bank said India was better equipped than many countries to weather international headwinds.

Prime Minister Narendra Modi

Image credit source: PTI

Prime Minister Narendra Modi He said on Wednesday that India has become an attractive investment destination due to political stability and continuous reforms over the past eight years world economy Its watchdogs and ‘reliable voices’ are expressing unprecedented confidence in the country. He also spoke about India Organization for Economic Cooperation and Development (OECD) said, the country will be the fastest growing economy in this group.

Addressing the inaugural session of ‘Invest Madhya Pradesh’, a global investor conference organized by the Madhya Pradesh government in Indore today, Prime Minister Modi said the country has undergone ‘sanskar’ (reforms), transformation (transformation) and performance (performance). 2014.) on its way. In an indirect reference to the Covid-19 outbreak, he said, “Even in the midst of a century of severe crisis, we have not given way to reform. Swanivar Bharat Abhiyan gave great impetus to the country’s reforms. As a result, India has become an attractive destination for investment today.

Global institutions have unprecedented confidence in India: PM Modi

The Prime Minister said investors’ optimism towards India is reflected due to strong democracy, political stability and young human resources. He said global economic watchdogs and ‘reliable voices’ have shown unprecedented confidence in India and international investors have shown similar optimism about the country.

Noting that international organizations are optimistic about India, PM Modi said the International Monetary Fund (IMF) sees the country as a “bright spot” in the global economy due to India’s strong economic fundamentals, and the World Bank says India is in a better position internationally. position than many countries in dealing with adverse situations arising at the level.

India is creating new records every day: PM Modi

According to Modi, the Organization for Economic Co-operation and Development (OECD), currently chairing the G20, has said of India that the country will be the fastest growing economy in the group. He said that a recent survey by a reputed bank showed that most investors preferred India for investment. PM Modi also said that foreign direct investment (FDI) in India is setting new records every day.

Talking about meeting the global demand, PM Modi said that we have recently approved Mission Green Hydrogen. It has development potential with a budget of Rs 8 lakh crore. It will meet the needs and demands of not only India but the world.

On the reach of optical fiber network everywhere, PM Modi said that India is taking optical fiber network to every village. 5G networks are expanding rapidly there. The new opportunities being created for every industry and consumer, from 5G to Internet of Things to AI, will further accelerate the pace of development in India. He further said that in the last 8 years we have continuously increased the pace and scale of reforms. Today’s new India is moving forward depending equally on the strength of its private sector. We have opened up many strategic sectors like defence, mining and space to the private sector.

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