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| India Set To Contribute As New Engi |
| India Set To Contribute As New Engine Of Global Growth: PM Modi
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| INDIA
, 7-June-2016
20:59:35 PM |
| Observing that the world needs a new engine of growth, Prime Minister Narendra Modi today said India is poised to contribute as the new engine of global growth and asserted that a larger Indian economy has "multiple benefits" for the world.
"This is the time when the world needs new engine of growth. It would be nice if the new engines are democratic engines," PM Modi said in his address to the American business community at the annual gala of the US India Business Council (USIBC).
"Today, India is poised to contribute as a new engine of global growth. A larger Indian economy has multiple benefits for the world," the Prime Minister said as he listed out the achievements of his government in economic reforms and liberalisation of policies.
As a result, India has now emerged as the one of the fastest growing economies of the world and urged the American businesses to come and invest in India, set up efficient manufacturing units.
"India is much more than a market," he said, adding that it is a "reliable partner", as he listed out the key features of a resurgent Indian economy that is geared to become "driver of global economy".
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