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  • June 09, 2017

India Getting Record Foreign Investment says PM Modi

PM Modi indicated that Foreign Direct Investment (FDI) has gone up from USD 34,487 billion to USD 61,724 billion since 2013. Conducting business here has been made easier and India is seen as a bright spot in the global economy with the tax regime more predictable and stable, he said.

He went on LinkedIn to say that GST is also going to have long standing benefits for the nation. "Today, I am proud to share that India is getting record foreign investment," PM Modi said, comparing the figures of 2016 to 2013. "I want to appreciate the various states for these proactive measures. The nation stands to gain from these initiatives." He added that his government was giving the added momentum to infrastructure projects with special stress on timely completion.

India’s economic transformation is the topmost priority and the government wants the country to realise its potential of being the economic superpower of the 21st century, he added. “The reform agenda of the NDA government is comprehensive and inclusive, covering all sections of society, all regions of India and all aspects needing attention.”

"Our goal is a new India, powered by the skills and talent of our youth. Substantial ground has been covered in the last three years and we are poised to scale newer heights of progress," declared PM Modi.

 

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