Prime Minister Narendra Modi made a pitch for investments into India during his key note address at the Bloomberg Business Summit. He highlighted the dynamic market in India, the government’s sincerity in building strong, smart and resilient cities and the fact that India has improved its ranking in the World Bank’s Ease of Doing Business Index and has made rapid progress in the last few years.
He made a similar pitch to the top CEOs in the US in a round table telling them that India should be their investment destination of choice.
Though the government has taken positive steps as far as land and labour reforms are concerned, it will have to make permanent and mutually beneficial changes that inspire confidence amongst the investors.
This time the message has come loud and clear from the PM and this should give comfort to the investors on the India story. Now we need to take the steps to ensure that the states also join hands with the centre to create a favourable climate for investors.