World sees optimism confidence in Indian economy PM

Posted under: MSME
Date: 2023-08-30
World sees optimism confidence in Indian economy PM

Prime Minister Narendra Modi emphasized India's stature of openness, opportunities, and choices, with global optimism and confidence in its economy during the G20 Trade and Investment Minister's meeting. India's ascent to the fifth-largest global economy in the past nine years, bolstered by enhanced competitiveness and transparency, was highlighted. The country's focus on digitization, innovation, policy stability, and shifting from red tape to red carpet and liberalizing FDI was underscored. Modi aims to make India the third-largest global economy. He urges G20 members to work together to create resilient and inclusive value chains and endorses India's proposed framework for mapping them to improve their resilience. The Prime Minister stressed fair competition between online sellers, supporting small businesses and considering consumer concerns. He also highlighted the importance of inclusive global trade collaboration.

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