India fastest growing major economy in world : PM Modi

Speed Post News Network

New Delhi : Prime Minister Narendra Modi on October 29, 2018, addressed the ‘Make in India: India-Japan partnership in Africa and digital partnership’ seminar at in Tokyo, Japan.

Prime Minister Modi explained how the Union Government is focused on improving ease of doing business and ease of living for the citizens. He expressed happiness at the large presence of Japanese companies in India. Noting that Japan has been a partner in many important industrial projects in India, the Prime Minister explained the strength of India’s economic performance over the last four years. He said India is today the fastest growing major economy. He mentioned other major transitions in the Indian economy including the move from informal to formal economy, digital transactions and GST etc.

The Prime Minister said that India’s rising economy, fast growing middle class and young demography offer many new opportunities to Japanese investors. In this context, he mentioned low cost manufacturing, IT industry, and electric mobility, among other sectors. He emphasised on the shared values between India and Japan. He said that both countries would look to develop stronger development partnerships in other parts of the world including the Indo Pacific, South Asia and Africa, according to a PIB release.