“India will enter in top 50 in ease of doing business” – PM

NEW DELHI: Narendra Modi, Prime Minister of India inaugurated the Vibrant Gujarat Summit’s 9^th edition at Mahatma Mandir Exhibition cum Convention Centre in Gandhinagar on January 18, 2019. Speaking on the occasion he said, from the last four years, my government is aimed to reduce government and to increase governance. We will continue to be one of the fastest growing economies in the world.

In this global summit, PM invited global business leaders and companies from different countries to invest in India as it is now more business friendly with the required infrastructure and all the facilities in place. “India is ready for business. In the last four years, our country jumped 65 places in global ranking of ease of doing business. I ensure my team to work harder to take India in the list of top 50 by next year.” said PM.

He further said that the international institutions like the IMF, World Bank, and Moody’s have shown their interest and confidence on the economy of India and the development done in recent times. Mentioning the importance of growth of India and its strong economic perspective, PM said, “The average GDP growth is the highest of any Indian government since 1991 which is 7.3 per cent. Similarly, the average rate of inflation is the lowest for any Indian government since 1991 4.6 per cent. The people who visit India continuously will feel a change in terms of direction and intensity.

In this 9^th edition of Vibrant Gujarat Global Trade Show, five heads of states from Uzbekistan, Denmark, Rwanda, Czech Republic and Malta have participated along with the captains of industries from different sectors and more than 30,000 delegates from India and abroad.

(With inputs from PIB)