Modi vows India to be best investment destination |
Prime Minister Narendra Modi has asserted that his government will leave no stone unturned to make India a better business destination. PM Modi said, the vision of the NDA government for the next five years is to have investment-led growth and it is targeting 100 lakh crore rupees worth of investment in the coming five years. The government is working on policies to promote inflows from domestic as well as foreign sources to achieve this vision. PM Modi added that it will entail further liberalising the country`s FDI policy, simplification of labour laws, further enhancing ease of doing business, power sector reforms, asset monetisation and asset recycling in public sector, and reforms in banking, insurance and pension sectors. He said, setting higher goals and objectives and achieving them had been the hallmark of the NDA regime, the Prime Minister added that the Centre has laid a solid foundation for high and sustainable growth over the long run. During the past 5 years, India witnessed the highest average growth rate with the lowest average inflation. All the macro-economic parameters such as current account deficit, fiscal deficit, inflation is brought down to acceptable levels. Modi said, this helped in restoring confidence in the economy and witnessed unprecedented FDI inflows.
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