This is the best time to invest in India, says Prime minister Narendra Modi

File photo: PM Modi. Photograph:( ANI )

ANI Bangkok, Thailand Nov 03, 2019, 09.15 AM (IST)

Prime Minister Narendra Modi on Sunday made a strong appeal to the business leaders to invest in India saying that this is the best time to be in the country.

"I am eager to give you a picture of some positive changes happening in India today. I say this with full confidence, this is the best time to be in India," PM said while speaking at an event here, where he outlined various endeavours of the government of India.

PM Modi spoke about India's improved position in World Bank's Ease of Doing Business (EODB) ranking and said, "Many things are rising while others are falling. Ease of doing business, ease of living, FDI, forest cover, patents, productivity are rising while taxes, tax rates, red-tapism, corruption, cronyism are falling. The corrupts are running for cover."

Modi also emphasised that India and Thailand have strong cultural linkages and said that commerce and culture have inherent powers to unite.

"For investment and easy business, come to India. To innovate and starting up, come to India. To experience some of the best tourist sites and warm hospitality of people, come to India. India awaits you with open arms", the Prime Minister told the business community leaders.

He also laid out his vision of making India a five trillion dollars economy and said that it will be achieved very soon.

"India is now pursuing a dream to become a $5 trillion economy. When my government took over in 2014, India's GDP was about $2 trillion. In 5 years, we increased it to nearly $3 trillion. This convinces me that dream of $5 trillion economy will soon be a reality," added PM Modi. 

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Modi also emphasised that India and Thailand have strong cultural linkages and said that commerce and culture have inherent powers to unite.