Investment invitation, this is a positive time

Showing a glimpse of the strength of the Indian economy to the investors of the world’s rich countries, Prime Minister Narendra Modi has invited them to invest in the meeting of the World Economic Forum held in Davos. He assured the world that the country is recovering from the Corona crisis and is stepping into a fast-paced economic system. He said that India has strengthened the structural framework of global business through economic reforms. Also accepted that the corona infection has definitely increased but the mood of the country is positive, which is a better time to invest in the right way.

The Prime Minister said that the Government has made great strides towards creating an environment conducive to trade and industry, in which laws have been made business friendly by eliminating industrial disputes. Corporate tax has been reduced. These conditions provide an alternative to the world supply chain in India. In fact, the NDA government is trying to invite the companies that are leaving China in the situation arising out of the global crisis and diplomatic and business conflict with China. India’s democratic nature and cheap labor can act as an attraction for this.

Apart from this, Indian intelligence is flagging its talent in all the countries of the world. In fact, in the past, the government has been encouraging investment in electronic products such as semiconductors by entering into agreements with companies from many developed countries, so that the global supply chain disrupted due to the Corona crisis can be strengthened. The government is making a far-reaching strategy for the coming decades, for which it also intends to accelerate economic reforms. Undoubtedly, this is also a necessary condition for getting foreign investment. political will is necessary

Create favorable conditions for business in the country. There should be less interference of bureaucracy and red tape should not come in the way of setting up new industries. Undoubtedly, to accelerate the economy after the Corona crisis, there is a need to increase new investment and employment opportunities. But the bigger challenge is the growing economic inequality in the country. Although this is a global trend, but India’s crisis is bigger. An Oxfam report in the World Economic Forum states that since the corona epidemic in the country in 2020, till November last year, four and a half crore people of the country have fallen into the quagmire of poverty. But the irony is that the country has gotten richer and richer. During this period the number of billionaires in the country increased by forty. Now India is at number three in terms of the number of billionaires in the whole world.