Prime Minister Narendra Modi on Sunday shared a recent report by Capital Group on social media, saying India is a rising star globally with a strong desire to grow more. The report states that India is poised for a period of secular growth, driven by a significant expansion in direct and real estate investment. Sharing the report on Twitter, Modi said, "Youth and entrepreneurs will find these nine points interesting." He said, "India is a global bright star with a strong desire to grow more." Capital Group in its recent report said that India is ready to move ahead in the emerging markets in this decade.
Economic development got priority due to political stability: Report
The country has experienced political stability in the last 10 years, during which economic development has received top priority. Capital Group said, "Political instability and market volatility may increase ahead of next year's general elections, but we believe India is poised for a period of secular growth, marked by a significant expansion in direct and real estate investment." inspired by." The report lists several key aspects that make India attractive compared to other emerging markets. Capital Group, the world's largest wealth managers, said several reform measures have been taken under Prime Minister Narendra Modi's government. These include Aadhaar, Goods and Services Tax (GST), Unified Payments Interface (UPI), and production linked incentive programs. In another tweet, Modi said that the foundation stone of two PM Mitra Mega Textile Parks has been laid in the last few days. He said that these parks would be set up in Amravati in Maharashtra and Navsari in Gujarat and would increase productivity, promote innovation and generate many employment opportunities.
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