Come to India, if there’s any gap I’ll act as bridge: Modi tells investors

TIL Desk/National/New York/ Prime Minister (PM) Narendra Modi on Wednesday pitched India as ‘the’ investment destination for global investors, saying reforms by his government were just the beginning of a long innings. Modi promised to personally act as a bridge for businesses and said India had a government that respected corporates and wealth creators.

“India’s growth story has four important factors that are rare to find anywhere else in the world. These factors are democracy, demography, demand, and decisiveness,” he said. “Democracy together with political stability, predictable policy and independent judiciary gives confidence of safety and security of investment and of growth,” he said, speaking at the Bloomberg Global Business Forum in New York.

The PM said his government’s decision to slash corporate tax rates was a “big revolutionary step” for investment, and that the move had been hailed by businesses as historic. “If you want to invest in a market where there is scale, come to India,” Modi said. “If you want to invest in a market where the latest trends and features are appreciated, come to India.