PM Shri Narendra Modi addresses City of London from the old library, Guildhall

Описание: PM Modi:
UK and India have known each other very well since several centuries. Our system of Governance is also based largely on the Westminster model.

• Our institutions know to interact with each other;
• Our people know to work with each other;
• Our businesses know to grow with each other

That is the reason that UK is among India’s major trading partners. UK is also the third largest foreign investor in India. And I must add- this is not one sided. India has emerged as the third largest source of FDI for UK. However, there is significant potential for India and UK to further strengthen their economic ties.

We have to effectively leverage the mutual understanding which is there for each other. We are particularly keen to develop the sectors where UK is strong. We are working hard to create conducive conditions for this engagement. A strong Indian community here keeps pushing us for better and better integration with UK.

Friends! Since my Government took over, we have been working relentlessly to put the economy on track. Particularly, we have worked very aggressively to make India an easy and simple place to do business. We believe that this is necessary for improving the lives of ordinary citizens in India.

The results of our hard work are now visible. IMF Chief has recently said that India is among few bright spots in global economy today. Our growth rate in the last year was 7.3%.

The World Bank has very recently projected our growth rate at 7.5% for this fiscal and even better in the coming years. Thus, we are fortunate to be sailing in the right direction. In the World Bank Report of 2016 on ease of doing business, India has moved up by 12 ranks at one go. No other country has made such a big improvement.....

Full text of PM’s address at the Indo-UK Business Meeting at Guildhall, London-
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