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1 Trillion USD Added To India's Economy In 5 Years: PM Modi At Global Business Forum

News Nation Bureau | Edited By : Victor Dasgupta | Updated on: 25 Sep 2019, 08:14:23 PM

New Delhi:

Prime Minister Narendra Modi on Wednesday addressed the Bloomberg Global Business Forum. PM Modi was invited by Bloomberg L.P. and Bloomberg Philanthropies Founder Michael Bloomberg to deliver the keynote address at the Bloomberg Global Business Forum in the morning of September 25.

Following this, there was a large number of interactions with CEOs. Later in the afternoon, India will engage with the CARICOM group of countries at the first leaders' level summit expected to last about two hours. Leaders from Antigua & Barbuda, Bahamas, Barbados, Belize, Dominica, Grenada, Guyana, Haiti, Jamaica, Saint Kitts and Nevis, Saint Lucia, Saint Vincent & the Grenadines, Suriname, Trinidad and Tobago will attend this summit.PM Modi will have several bilateral meetings during his visit and will address the General Debate on September 27.

Here are the highlights from PM Modi's speech at Global Business Forum:

6.36 pm: Your prudent Method and our pragmatic Mind can write new stories in Management; Your rational ways and our human values can show the path which the world is looking for.  And if there is any gap anywhere; I will personally act as a bridge: PM Modi. 

6.35 pm: Your desires and our dreams match perfectly; Your technology and our talent can change the world; Your scale and our skills can speed up global economic growth: PM Modi.

6.34 pm: In Bloomberg's Nation Brand Tracker- 2018 survey, India has been ranked number 1 in Asia in terms of investment: PM Modi

6.33 pm: About 90 Percent is through FDI Automatic Route and 40 Percent is Greenfield Investment. That is, Investor's trust in India that has increased today: PM Modi. 

6.32 pm: There has been 286 billion FDI in India in the last 5 years. This is half of India's total FDI Inflow in the last 20 years.

6.31 pm: Global Competitiveness Index bounces 13 points. Number 24 improvement in Global Innovation Index. And most importantly, the 65 rank improvement in the World Bank's Ease of Doing Business Index is unprecedented, extraordinary: PM Modi

6.30 pm: When we came into government in 2014, the country's economy was around $ 2 trillion. In the last five years, we added about one trillion dollars to it. And now we are working hard to achieve the goal of $ 5 trillion: PM Modi

6.29 pmThe roadmap for qualitative and quantitative leap in India's Growth Story has hit the ground. Now India has set a big goal - to make the country a $ 5 trillion economy: PM Modi.

6.28 pm: Now we are going to spend 100 lakh crore rupees, i.e. about 1.3 trillion dollars on modern infrastructure in the coming years. Apart from this, millions of crores of rupees are being spent on India's social infrastructure: PM

6.27 pm: We have opened our defence sector like never before. If you want to Make in India, for India and for the world, come to India: PM Modi

6.26 pm: We are rapidly modernising our cities, and equipping them with latest technology and citizen friendly infrastructure. Thus if you want to invest in urbanisation, come to India : PM Modi

6.25 pm: If you want to invest in one of the world’s largest infrastructure ecosystem, come to India: PM Modi

6.24 pm: If you want to invest in start-ups with a huge market, come to India: PM Modi

6.23 pm: If you want to invest in a market where the latest trends and features are appreciated, come to India: PM Modi

6.22 pm: If you want to invest in a market where there is scale, come to India: PM Modi.

6.22 pm: Let me remind you again, it has not been more than three-four months to our new government. Today I want to say from this platform that it has just begun. There is still a long time to go. This is a golden opportunity for the business world all over the world to partner with India in this journey: PM Modi. 

6.21 pm: During this time, several decisions have been announced by the government to increase investment. We have also abolished more than 50 such old laws which were hindering development work.: PM

6.20 pm: It will be in your knowledge that just a few days ago, we have decided to drastically reduce corporate tax. This is a very revolutionary step from the level of investment and after this decision, I met all the people of the business world who have met, they are considering it very historical: PM Modi. 

6.19 pm: Today there is a government in India that respects the business world, respects wealth creation: PM Modi. 

6.18 pm: Today, the people of India are standing with the government that does not lag behind in taking the biggest and most stringent decisions to improve the business environment: PM Modi. 

6.17 pm: Business leaders sitting here can understand that this strong mandate is actually proclaiming new opportunities in India in favor of development: PM Modi.

6.16 pm: You often talk about business statement in your conversation. In this election, 130 crore Indians have not only expressed their sentiment but have also given a judgment that development is their biggest priority: PM Modi.

6.15 pm: Bloomberg Global Business Forum gave me, On India's feelings and possibilities, On India's expectations and expectations, I am very grateful to him for giving me the opportunity to speak on India's growth story and India's future direction: PM Modi.

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First Published : 25 Sep 2019, 08:14:23 PM