Prime Minister Narendra Modi inaugurated the 9th edition of Vibrant Gujarat Summit at Mahatma Mandir Exhibition cum Convention Centre in Gandhinagar. 5 Heads of States from Uzbekistan, Rwanda, Denmark, Czech Republic and Malta along with the captains of industry from various sectors & over 30,000 delegates from India and abroad are taking part in the event.
The Prime Minister invited global business leaders and companies to come and invest in India where the business climate is more investor friendly now with the required infrastructure and facilities in place. PM said, “India is now ready for business. In the last four years, we have jumped 65 places of global ranking of ease of doing business. I have asked my team to work harder to ensure India is on the top 50 next years.”
Mr. Modi said that International Institutions like the World Bank, IMF and Moody’s have shown confidence on India’s economy and the reforms taken in recent times. He added, “We have also made Doing Business cheaper. The implementation of GST and other measures of simplification of taxes have reduced transaction costs and made processes efficient. We have also made Doing Business Faster through digital processes and single point interfaces.”
Underlining the importance of India’s growth and its strong economic fundamentals, the Prime Minister said, “At 7.3 per cent, the average GDP growth has been the highest of any Indian government since 1991. At the same time, the average rate of inflation at 4.6 per cent is the lowest for any Indian government since 1991 when India began its process for liberalization.”
He told the gathering that those, “who visit India regularly will feel a change in air, in terms of direction and intensity. Over the last four years, the aim of my government is to reduce government and increase governance. We wish to take deeper structural reforms to strengthen our economy. We continue to remain one of the fastest growing economies in the world,"
