WEF Davos Agenda: Best time to invest in India, claims PM Modi
By siliconindia | Tuesday, 18 January 2022, 03:50 Hrs
Prime Minister Narendra Modi on Monday said that India has carried out a host of economic reforms to improve the 'Ease of Doing Business', and told investors that this is the best time to invest in the country.
While delivering the 'State of the World' special address at the World Economic Forum's virtual Davos Agenda, the prime minister listed out the reforms undertaken by his government to solve the issue of retrospective tax in the country.
He also mentioned asset monetisation being done by his government and the large-scale infrastructure projects being carried out in India. Besides, India has simplified corporate tax and reduced more than 25,000 compliances in the last year, the prime minister said.
Mentioning the digital infrastructure in the country, including the CoWIN portal for COVID-19 vaccination, Modi said that India has more than 50 lakh software developers, while the country is third in the world in terms of number of unicorns. Besides, over 10,000 start-ups have been registered in the last six months.
"Indians have the capability to adapt to innovation and new technologies. Their spirit of entrepreneurship can provide a new energy to the global partners. That is why this is the best time to invest in India," Modi stated.
Keeping India's view on climate change, the prime minister said that India's growth will be green, clean, sustainable and reliable. The 'throw away' culture and 'consumerism' have made climate change an even bigger issue, he said, and called for quickly moving towards a circular economy.