TIL Desk/National/Brasilia/ India is the world’s most “open and investment-friendly” economy, Prime Minister Narendra Modi said here on Thursday as he wooed the BRICS business leaders and urged them to invest in the country’s infrastructure development. Addressing the closing ceremony of the BRICS Business Forum, prime minister Modi said the grouping of five countries had led to economic development despite the global economic slowdown.
Terming India a land of limitless opportunities, the prime minister urged the business leaders of the BRICS nations to invest in India, particularly in its infrastructure development. “India is the world’s most open and investment-friendly economy due to political stability, predictable policy and business-friendly reforms,” Modi said.
“BRICS countries account for 50 per cent of the world’s economic growth. Despite the recession in the world, BRICS countries accelerated economic development, brought millions out of poverty and achieved new breakthroughs in technology and innovation,” he said.
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