Madhya Pradesh-Global Investors Summit: Prime Minister Narendra Modi on Wednesday addressed the opening ceremony of the 7th edition of ‘Invest Madhya Pradesh-Global Investors Summit’, in which he said that the International Monetary Fund (IMF) sees India as a ‘bright spot’ in the global economy. He further said that the World Bank considers India better positioned to deal with global challenges than many other countries.
This is because of India’s strong macroeconomic fundamentals, the Prime Minister claimed. He further said that the optimism for India is due to its strong democracy, young demography as well as political stability. According to him, these factors help the country to take decisions that enhance Ease of Living as well as Ease of Doing Business.
“The IMF sees India as a bright spot in the global economy, while the World Bank says India is better positioned to deal with global headwinds than many other countries. When we talk of a developed India, it is not just our expression, but it is the resolve of every Indian,” PM Modi remarked.
India is marching on the path of “reform, transformation and performance” since 2014: PM Modi
He further underlined that India is on the path of “Reform, Transform and Perform” since 2014 and the ‘Aatmanirbhar Bharat Abhiyan’ has given it more momentum.
“In eight years, we have doubled the pace of construction of national highways. During this period, the number of operational airports in India has doubled. India’s port handling capacity and port turnaround have improved phenomenally,” The PM said while referring to the economic organization. Cooperation and Development (OECD) claims that India will be one of the fastest growing economies in the G20 group this year.
According to Morgan Stanley, India is poised to become the world’s 3rd largest economy in the next 4-5 years, while McKinsey CEO has said that this is not just India’s decade, but India’s century, says PM .
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Major Objectives of the Global Investors Summit
It is worth mentioning that the main objectives of the Global Investors Summit are to showcase the industrial ecosystem of the state, promote the policies of the state, consult with industrial organizations to formulate industry friendly policies, opportunities for collaboration, promote export potential and attract buyers. -Vendor Meetings. and vendor development. The theme of the two-day summit is ‘Madhya Pradesh – a future-ready state’.
(With PTI inputs)