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Credible economic institutions have unprecedented confidence in India: PM
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IANS | 11 Jan, 2023
Prime Minister Narendra Modi on Wednesday said that institutions and
credible voices that track the global economy have unprecedented
confidence in India.
Virtually addressing the Madhya
Pradesh Global Investors' Summit 2023 being held in Indore, Modi gave
examples of trust shown by global organisations in the Indian economy.
He
said the International Monetary Fund (IMF) sees India as a bright spot
in the global economy, and the World Bank has said the country is in a
better position to deal with global headwinds than many other countries.
Modi
credited India's strong macroeconomic fundamentals and mentioned OECD
which claimed that India will be among the fastest-growing economies in
the G20 group this year.
Quoting Morgan Stanley, the Prime
Minister said that India is moving towards becoming the world's
third-largest economy in the next four to five years.
He further added that the CEO of McKinsey has declared that not just the present decade but the century itself belongs to India.
"Institutions
and credible voices that track the global economy have unprecedented
confidence in India", Modi said, adding that the "global investors also
share the same optimism".
"A stable government, a decisive
government, a government running with the right intentions, shows
development at an unprecedented pace. Dedicated freight corridors,
industrial corridors, expressways, logistic parks, are becoming the
identity of New India... PM Gatishakti is a national platform for
infrastructure building in India which has taken the form of the
National Master Plan," he informed the gathering of corporate sector.
"We
have implemented our National Logistics Policy with an aim to make
India the world's most competitive logistics market," the Prime Minister
further emphasised, urging investors coming to Madhya Pradesh to take
maximum advantage of the PLI scheme.
"The government approved
Green Hydrogen Mission a few days ago which will bring in investment
possibilities of about Rs 8 lakh crore," he highlighted.
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
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66.20
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64.50 |
UK Pound
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87.50
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84.65 |
Euro
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78.25
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75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
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