PM Modi says cleaning the system of black money and corruption high on his agenda
Prime Minister Narendra Modi has said that cleaning the system of black money and corruption is presently “”very high”” on his agenda. He was speaking on Wednesday after jointly inaugurating via video conferencing the Economic Times Asian Business Leaders Conclave in Kuala Lumpur along with Malaysian Prime Minister Najib Razak.
Prime Minister said the country is moving towards a digital and cashless economy. He said India is currently witnessing an economic transformation and the outcomes are visible from Indiaâ€™s global rankings on various indicators. He expressed happiness that the constitutional amendment for Goods and Services Tax (GST) has been passed and it is expected to be implemented from next year.Mr Modi said concerted efforts continued on major FDI policy reforms and conditions for investments have been simplified.
He said total FDI inflows in the last two and a half years have touched 130 billion dollars. Mr Modi also said, licensing regime has been rationalised greatly and investor facilitation cells have been set up to guide prospective investors. He said, India has now become the 6th largest manufacturing country in the world.
Prime Minister Modi said India is not only one of the fastest growing large economies in the world. It is also marked by initiatives centered around ease of doing business, making governance transparent and efficient and reducing regulatory overburden.”