PM Narendra Modi invites US firms to invest in India for growth

PM Narendra Modi invites US firms to invest in India for growth. Prime Minister Narendra Modi told the U.S. that they will be willing to confidence the country with trade opportunities on Wednesday.

PM Narendra Modi invites US firms to invest in India for growth. Prime Minister Narendra Modi told the U.S. that they will be willing to confidence the country with trade opportunities on Wednesday. Prime Minister Narendra Modi also said together, India and the US will play a significant role in bringing the world economy back and encouraging US investors to invest in India.

PM Narendra Modi invites stating at the Virtual Summit held by the US-India Business Council. “Recent experience has told us that the world economy has become too concentrated on productivity. And optimisation. Efficiency is a really positive thing. But, on the road, we forgot to focus on anything just as important. It is resilience to adverse shocks. Global economic stability may be accomplished. By rising domestic economic efficiency. India is leading to a peaceful and stable environment by the clarion call of ‘Atmanirbhar Bharat.’ So that’s why we’re waiting for your cooperation.

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“The friendship between the United States and India has grown to several heights in the past. Now is the time for our relationship to play an significant role in helping the world recover faster after the pandemic, “Modi stated at the India Ideas Summit organized by the US-India Business Council (USIBC).

In the duration of the current pandemic, India has managed to win more than 20 billion dollars from FDI this year, the US has already pledged investment of 40 billion dollars, Modi stated.

Inviting US businesses to invest in sectors such as telecommunications. Also health care, banking, civil aviation, security and infrastructure. Furthermore, Modi said there would be no better time to invest in India. “India offers a perfect mix of openness, opportunities and alternatives. India celebrates people ‘s openness and governance. Open
minds are making the markets open. Open markets lead to greater prosperity, “he said.

“There are significant untapped resources to expand insurance coverage in the fields of health, agriculture, business and life insurance. In order to produce long-term and guaranteed profits. Hence the Indian insurance market is already one of the strongest investment opportunities”.Modi added.

As a result of economic declines due to the Coronavirus Pandemic. The International Monetary Fund (IMF) has projected a 4.9% decrease of the global economy in 2020, and India estimated that 4.5% during FY 21.

The Prime Minister said that changes have given greater competition, accountability, digitisation, creativity and policy continuity.