India is most attractive investment destination in the world: Modi at World Economic Forum

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New Delhi: Prime Minister Narendra Modi said that India is the most attractive investment destination in the world. Modi in his special address at the World Economic Forum’s five day online Davos Agenda Summit on Monday, he said that Indian youth have an entrepreneurial spirit and an eagerness to innovate and adopt new technology.

Indian youth are ready to take your businesses & ideas to new heights. With our global skills, India has registered more than 60,000 startups in 2021.India offers a bouquet of hope to the world. It includes our trust in democracy; it includes our technology, our temperament, and talent, said Modi. A hundred registered startups in India in 2014; the number has crossed 60 thousand. We also have more than 80 unicorns now; more than 40 of them achieved that status just last year.

Prime Minister Modi highlighted India’s innovations in technology and digital infrastructure, rapid adaptation of technologies like the Unified Payments Interface (UPI), technological solutions like Arogya Setu and CoWIN, and tax reforms to strengthen ease of doing business in the country. He also pointed out that India sends a record number of software developers to the world and has the third highest number of Unicorns. On advancement in digital solutions, he mentioned that just last month India saw 4.4 billion transactions on UPI.

Modi also said that we focused on reforms in the right direction. Global economic experts have praised India’s decisions and I’m certain that we will fulfill the world’s aspirations from India. Modi said in his address of a long term, sustainable vision of the future of economic growth. Today India is making policies, taking decisions regarding the present as well as the goals of the next 25 years. In this period, India has set the goals of high growth, a saturation of welfare, and wellness.

In COP26, I gave Mission L.I.F.E. – Lifestyle for Environment. We have to now work & innovate towards ‘P3 Movement – Pro-Planet People. This will help us reach our sustainable environment goals, said Modi. India is now becoming the new, attractive investment destination because of several initiatives taken by the Government to the business community. More than 6 lakh villages have been connected with optical fiber. To bring every stakeholder of development on one platform, India has started the Gatishakti national masterplan, he said.

We have launched PM Gatishakti Master plan that will integrate infrastructure, development & implementation. It will seamlessly connect goods, people, and services, he added. PM Modi’s address would be followed by the address of United Nations’ Secretary-General Antonio Guterres. The WEF has said Davos Agenda 2022 will be the first global platform for key world leaders to share their visions for 2022 and it is being convened on the theme of The State of the World.

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