Best time to invest in India, plans are being made for 25 years: PM Modi in Davos

PM Modi: PM Modi said that we have also focused on economic reforms during Corona. Ever since the era of Corona started, we have been providing free ration to 80 crore people. We have also focused a lot on economic reforms.


New Delhi: Prime Minister Narendra Modi on Monday virtually addressed the meeting of the World Economic Forum. The PM said that India is facing the Corona wave strongly. PM Modi said that we have also focused on economic reforms during Corona. Ever since the era of Corona started, we have been providing free ration to 80 crore people. We have also focused a lot on economic reforms. Today the economists of the world are also appreciating our steps. India will definitely fulfil the expectations of the world. Today India is facing the one side wave of Corona with caution and vigilance. India is also moving ahead in the economic field with many promising results. There is also enthusiasm in India to complete 75 years of independence today. Today, India is also full of confidence to give about 160 crore vaccine doses in a year.


India is facing a new wave of Corona. PM Modi said that India has given a gift of hope to the world. India is saving millions of lives by giving vaccines to many countries of the world under 'One Earth, One Health'. India is the world's third largest drug producer. PM Modi said on cryptocurrency that the kind of technology associated with virtual currency will not be enough for any one country to deal with its challenge.



The Prime Minister said, today India has the world's largest, safe and successful digital payments platform. In the last month alone, 4.4 billion payments have been made through UPI in India. We understand the challenges of doing business in India. Under the ease of doing business i.e. 'Ease of Doing Business', we have made corporate tax the most competitive in the world. The retrospective tax regime has brought back the confidence of the business community by reforming retrospective tax payments. This is the best time to invest in India. Under the Gati Shakti Yojana, a coordinated effort is being made to complete the schemes at a faster pace.


Inviting investors to come to India, PM Modi said, the $26 billion Product Linked Incentive (PLI) scheme has been run in 16 sectors. Through this, India is committed to easing the global supply chain with manufacturing. India is focusing on Make in India Make for World. India is preparing policies keeping in mind the next 25 years. The focus is on investment and manufacturing in India. The future development in India will also be green (eco-friendly), clean and sustainable (sustainable). India may account for only 5 percent of carbon emissions, but India has 100 per cent commitment against climate change. About 40 percent of India's energy production is coming from the non-coal sector. India has already exceeded its target nine years ago. Solar energy is being promoted through Solar Alliance.