Prime Minister Narendra Modi, on Wednesday, delivered a keynote address at the India Ideas Summit, hosted by the US-India Business Council.
"This year marks the 45th anniversary of the formation of the Council. The theme for this year's India Ideas Summit is 'Building a Better Future'," a statement from the PMO said.
Highlights from PM Modi’s address:
Opportunities in technology also include those in the frontier technologies of 5G, big data analytics, quantum computing, block-chain and internet of things, says PM Narendra Modi.
India is emerging as a land of opportunities. Let me give you one example of the technology sector. Recently, an interesting report came out in India. It said for the first time ever, there are more rural internet users than even urban internet users, says PM Modi at the India Ideas Summit.
We're reaching record highs in FDI every yr. Each yr is significantly higher than the earlier one. FDI inflows in India in 2019-20 were USD 74 billion. This is an increase of 20% from the year before that. India attracted over USD 20 billion foreign investment b/w April&July: PM pic.twitter.com/DiZiCFbF4x— ANI (@ANI) July 22, 2020
During the last six years, we have made many efforts to make our economy more open and reform-oriented. Reforms have ensured increased ‘competitiveness’, enhanced ‘transparency’, expanded ‘digitization’, greater ‘innovation’ and more ‘policy stability’, says Prime Minister, Narendra Modi.
Global economic resilience will be shaped by stronger domestic economic capacities. India is doing so by working towards an Aatmanirbhar Bharat. pic.twitter.com/ZZ1GFcy9E9— Narendra Modi (@narendramodi) July 22, 2020
There is global optimism towards India. This is because India offers a perfect combination of openness, opportunities and options. Let me elaborate. India celebrates openness in people and in governance, says Narendra Modi.
When the markets are open, when the opportunity is high and the options are many, can optimism be far behind! You can see the optimism when India rises in key business ratings. Particularly the Ease of Doing Business ratings of the World Bank: PM Narendra Modi pic.twitter.com/16ims2hSwu— ANI (@ANI) July 22, 2020
India invites you to invite in energy as India evolves into gas-based economy. There will be big investment opportunities for US companies. There're also opportunities in clean energy. To generate more power for your investment, this is best time to enter Indian power sector: PM pic.twitter.com/07MfK0Yai0— ANI (@ANI) July 22, 2020
India invites you to invest in the hard work of our farmers. There are investment opportunities in the farming sector says PM Modi. The best time to invest in agriculture is now says PM.
The best time to invest in agriculture is now says PM. India and US have built a robust partnership in the farming sector says PM Modi.
This is also the best time to expand in the health care sector, the PM also says. India is contributing towards a prosperous and resilient world through the clarion call of an ‘Atmanirbhar Bharat’. And, for that, we await your partnership, says PM Modi at LIVE address.
Global economic resilience can be achieved by stronger domestic economic capacities. This means improved domestic capacity for manufacturing, restoring the health of the financial system and diversification of international trade, says PM Modi at India Ideas Summit.
Recent experience has taught us that the global economy has been too focused on efficiency and optimization. Efficiency is a good thing. But, on the way, we forgot to focus on something equally important. That is resilience against external shocks, says Prime Minister, Narendra Modi
It is all of us who have to collectively give shape to the future. I firmly believe that our approach to the future must primarily be a more human-centric one: PM Modi
USIBC's choice of this year's summit "Buildings Better Future is also very very relevant says PM Narendra Modi.
(Text - News18, OneIndia)