India has moved from "red tape to red carpet": PM Modi

Brief by Shorts91 Newsdesk / 04:20pm on 24 Aug 2023,Thursday Business

PM Modi said India has moved from "red tape to red carpet", enabling unfettered FDI inflows over the last 9 years at the G20 Trade and Investment Ministerial meeting on Thursday. He urged G20 countries to build an inclusive, resilient global value chain. PM stated initiatives like Make in India and Atmanirbhar Bharat have spurred manufacturing and brought policy stability. He affirmed his commitment to make India the 3rd biggest global economy soon. PM added that reforms, performance, and transformation under NDA rule have made India the 5th largest economy and a hub of openness and opportunities.

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