India Ideas Summit: PM Modi pitches nation as a global investment destination

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India Ideas Summit: PM Modi pitches nation as a global investment destination

PM Modi addressed the 45th India Ideas Summit while thanking USIBC’s (US-India Business Council) for its contributions by bringing two countries together. The choice of this year’s Ideas Summit – ‘Building a Better Future’ which the PM said is very relevant as the world is in need of it to strike back from the ongoing pandemic.

Modi said the global economy has been too focused on efficiency and optimization. “Efficiency is a good thing. But, on the way, we forgot to focus on something equally important. That is resilience against external shocks.” PM Modi said which can be achieved by stronger domestic capacities for manufacturing, restoring the health of the financial system and diversification of international trade.

India’s contribution in moving towards a resilient world with ‘Atmanirbhar Bharat’, Prime Minister Narendra Modi told US that it can trust the country with trade.

PM pitched for investment of US firms in India, pointing to the ways the government is facilitating investors and the promising growth in various sectors including infrastructure, defense and space research.

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