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NRIPage | Articles | PM Modi Highlights India’s Investment Potential at World Summit 2024 | Get Indian Desi Latest Sports News & Updates in USA. Stay Ahead in Sports & Gaming Action - NRI Page
World Summit 2024 in New Delhi, Prime Minister Narendra Modi asserted that India remains an appealing destination for global investors, even amid global trade and geopolitical tensions. He marked the first 125 days of his government’s third term as a period of accelerated growth, with positive indicators attracting investor attention.
During his keynote address, Modi pointed out that both the Nifty and Sensex indices have seen growth of 6-7% during this time. He also highlighted a significant increase in India’s forex reserves, which have risen from $650 billion to over $700 billion. "India's list of achievements is very long," he stated, underscoring the government's effective actions.
The Prime Minister referenced veteran investor Mark Mobius, founder of Mobius Capital Partners LLP, and his enthusiasm for India's growth story. "When Mark Mobius says he is excited about India, it has a lot of credence. When he tells global funds to invest at least half their capital in Indian share markets, it gives a big signal," Modi remarked, earning applause from the audience.
Modi acknowledged the dual challenge of combating poverty while fostering development. He reassured that his government is committed to accelerating reforms and policy-making. He also emphasized India's ongoing progress in infrastructure and skill development for Industry 4.0.
Highlighting India's advancements in digital payments, Modi stated, "In every global summit, the world discusses India's revolutionary digital payments ecosystem. Innovations like Aadhaar, UPI, and DigiLocker have received significant commendations."
Looking ahead, Modi reiterated India’s commitment to becoming a developed nation by 2047. He emphasized the need for a forward-looking approach, describing it as a "people's movement" that involves gathering suggestions from millions to create a comprehensive roadmap for development over the next 25 years.
