Indian Economy News

Economic fundamentals strong, India best place for investment: Prime Minister Mr. Narendra Modi

  • IBEF
  • November 3, 2022

Following Covid-19, Prime Minister Mr. Narendra Modi stated that India is the finest place for global investors and a trusted player in supply chains. Despite global uncertainty, India is rising swiftly and intends to be a developed nation by 2047, he said via video conferencing at the opening function of Karnataka's Global Investors Meet (GIM).

Last year, India got a record US$ 84 billion in foreign investment. In these uncertain times, most countries feel confident in the foundations of the Indian economy. India is moving and collaborating with the rest of the world. He stated that India could reassure the globe about the supply of medicines and vaccines during the disruption of the supply chain. He also emphasised the PM-GatiShakti National Master Plan, which is aimed at integrated infrastructure development. He explained that a road map is created not only for new infrastructure but also for current infrastructure, and the most efficient route is debated when putting the plan into action.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.

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