Economy reviving, invest in India: PM tells diaspora

Indo-Asian News Service

Gandhinagar, Jan 11: Making a decisive push towards generating investment to see the success of ‘Make in India’ mantra, Prime Minister Narendra Modi said Sunday his government was trying to revive the economy, and told global investors that India today was a land of opportunities.
‘‘In just seven months, we have been able to change the atmosphere of despair and uncertainty,’’ Modi told the seventh Vibrant Gujarat summit here attended by UN secretary-general Ban Ki-moon as well as ministers and corporate leaders from 100 countries.
‘‘Since the first day, my government is actively working to revive the economy,’’ he told the gathering which included US secretary of state John Kerry and World Bank president Jim Yong Kim. The summit, held at the Mahatma Mandir convention centre here, saw the biggest participation from several countries this time.
Modi said there was tremendous interest in India, and ‘‘countries were coming forward to work with us. Today, India is a land of opportunities.’’
Modi, who till 2013 used to seek investment for Gujarat where he was the chief minister, urged countries, businesses and investors to be part of India’s growth story. ‘‘My government is committed to create a policy environment that is predictable, transparent and fair.’’
Modi, speaking dominantly in English, went on: ‘‘We will have to change the way we have been approaching problems. Recession is often seen just in the context of business and industry. ‘‘Have we ever thought of recession as being the result of low per capita income in countries where a majority of global population lives? ‘‘Have we ever thought of its solution in terms of enhancing the common man’s employability, income and purchasing power?”

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