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PM touts ‘green shoots of growth’

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Observing that the Indian economy is seeing a revival, Prime Minister Narendra Modi said that should consider investing in the world’s “most open economies” at the India global meet organised by London based NRI Group Indian Inc,

 

“Indians have the spirit to achieve what is believed to be impossible. No wonder that in India, we are already seeing green shoots when it comes to economic recovery,” he said, while speaking at the “India Global Week 2020” conference, organised by a London-based NRI group, India Inc.

 

“India remains one of the most open economies in the world. We are laying a red carpet for all global companies to come and establish their presence in India. Very few countries will offer the kind of opportunities India does today,” he said, listing the gains India had made in “total financial inclusion, record housing and infra construction, ease of doing business, and bold tax reforms, including the GST”.

 

Modi’s reference to “green shoots”, or small signs of revival, comes a few days after the Ministry of Finance published its Macroeconomic report for June 2020, which said activity had “picked up” in certain areas.

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