India now become most favourable destinations for investors: PM Modi


Addressing the Global Investors’ Meet, 2019 in Dharmshala, Himachal Pradesh Prime Minister Shri Narendra Modi said India has now become one of the most favourable destinations for investment.
He said between 2014 and 2019, India improved 79 places in the global Ease of During Business Rankings. Shri Modi said every year, India is improving in each parameter.
Improvement in these rankings means that the government is making decisions after a thorough understanding of the needs at the grass-roots level for the industry.
The Prime Minister said this is not just improvement in rankings but a major revolution in the way of doing business in India. He said in today’s global scenario, India is standing strong as we did not allow our economic fundamentals to be weak.
Shri Modi said, over the past few years, several reforms such as scrapping of obsolete laws and providing enabling eco-system for investors have been taken by the government. He added that doing away with Inspector Raj and the need of permits in every state is important.