At World Economic Forum, PM Modi : That's why this is the best time to invest in India

PM Modi Remarks at World Economic Forum, Davos 2022

Welcoming the world to invest in India, Modi said: “Today, India has the third largest number of unicorns in the world. More than 10,000 start-ups have been registered in the last six months. India is promoting Ease of Doing Business, minimizing government intervention. India has made it the most competitive in the world by simplifying, reducing its corporate tax rates. In the last year alone, we have reduced more than 25,000 compliance's. The spirit of entrepreneurship, which has the capacity to adopt new technology in Indians, can give new energy to each of our global partners. That’s why this is the best time to invest in India.”

At the same time, the Prime Minister stressed that collective and synchronized action is needed to deal with issues such as climate change, inflation and supply chain disruption. He underlined the need for concerted action against cryptocurrency and a discussion on the ability of multilateral agencies to tackle emerging challenges.

“A strong democracy like India has given the whole world a beautiful gift, a bouquet of hope. In this bouquet, we Indians have an unwavering trust in democracy; in this bouquet, the technology that will empower the 21st century is there; in this bouquet, there is the temperament of us Indians, the talent of us Indians. The multi-lingual, multi-cultural environment in which we Indians live is a great power not only of India but of the whole world. This strength teaches not only to think for oneself in times of crisis, but also to work in the interest of humanity,” Modi said.