Prime Minister Narendra Modi gave a speech at the India Ideas Summit,
hosted by the US-India Business Council.
This was an online conference in which senior officials from the Government of India and the United States participated.
PM Modi discussed the recovery of the economy post the COVID19 pandemic.
PM Modi invited US businesses to invest in various economic sectors of India.
Here are the highlights of his speech:
1. PM Modi said that we all have to work together to make our future better.
But do not forget we need to focus more on human lives and not only on business development.
2. All this while businesses were focused on becoming successful and growing. This is very good.
But we need to make our business resilient against external problems like the COVID outbreak.
PM Modi said that in the future businesses need to plan for such unforeseeable problems.
3.During the last six years, India has growing successfuly without any problems.
Now Business in India is more ‘Transparent', ‘Digitalized', ‘Innovating' and more ‘Politically stable'.
4. India is emerging as a land of opportunities.
Modi gave an example of the tech sector.
You all know that there are more internet users in urban areas than in rural areas.
Now its the opposite. An interesting report has found,
that there are more rural internet users than even urban internet users.
5. India has done historic reforms in the agriculture sector recently and farmers are not suffering anymore.
There are many investment opportunities in the Agriculture sector in India.
6. Modi said India invites you to invest in healthcare sector.
The Healthcare sector in India is growing faster than 22 percent every year.
7. He said, India invites you to invest in energy.
As India is developing, there will be big investment opportunities for US companies.
8. In the same way PM Modi said
now USA can invest in India and profit in areas such as Infrastructure,
Aviation, Defence & Space, Finance, etc.
9. PM Modi told the USA that India is a country you can trust and invest in.
Investment in India will lead to good returns and there is complete ease of doing business.
If India stands top benefit if we partner with USA.
The US-India friendship has scaled many heights in the past.
Now it is time our partnership plays an important role in helping the world bounce back faster after the pandemic.