India will be the new engine of global growth: PM Modi

RSTV Bureau
Prime Minister Narendra Modi and NSA Ajit Doval interacting with US think-tanks in Washington. Photo-PTI

Prime Minister Narendra Modi and NSA Ajit Doval interacting with US think-tanks in Washington.
Photo-PTI

Assuring the top CEO’s of United States of America, Prime Minister Modi said that his government at centre will ensure ease of doing business for  those keen on investing in India.

Saying that the world needs a new engine of growth, especially a democratic country like India, Prime Minister Narendra Modi on Tuesday said that India will contribute as a new engine of global growth and it will serve the world to get multiple benefits. PM was addressing the American business community at the annual gala of the US India Business Council (USIBC) in United States.

“Today India is poised to contribute as a new engine of global growth. A larger Indian economy has multiple benefits for the world,” said the Prime Minister.

Prime Minister said as he listed out the achievements of his government in economic reforms and liberalization of policies. ‘ This is the time when the world needs new engine of growth. It would be nice if the new engines are democratic engines,’ said Modi.

India has now emerged as the one of the fastest growing economies of the world and urged the American businesses to come and invest in India, set up efficient manufacturing units.

“India is much more than a market,” he said, adding that it is a “reliable partner”, as he listed out the key features of a resurgent Indian economy that is geared to become “driver of global economy”.

The Prime Minister said as India marches ahead on the path of development, it needs to learn from the America experience, in particular its entrepreneurship, technological advancement and products which ranges from drugs to drones. “Indeed, to me America is not just has a great past, but it is a country with an exciting future,” the Prime Minister said.

Modi exuded confidence that Indo-US partnership would benefit both the countries.

Modi said his government has taken decisive steps to curb corruption. “We would continue to have disciplined and prudent