Vikrant Shekhawat : Oct 21, 2024, 06:42 PM
PM Modi News: Addressing a summit recently, Prime Minister Narendra Modi emphasized on India's fast-growing economy and growing confidence among global investors. Referring to the statement of renowned global investor Mark Mobius, he said that Mobius' love for India and enthusiasm for its growth potential is an important indicator for global investors. Mobius has suggested that global funds should invest at least 50% in the Indian stock market. This highlights the growing confidence and opportunities for investment in India's market potential.Why is India's market the best?The Indian stock market has been giving unprecedented returns for some time now. In the last one year, the Sensex has given a return of 25% and the Nifty 28%, making it more attractive than other major stock markets in the world. The main reason behind this is India's fast-growing economy. While on the one hand many parts of the world are being affected by war and global instabilities, on the other hand India's economy is emerging rapidly.World Bank President Ajay Banga has also praised the Indian economy, which makes it clear that India's economic progress is being recognized at the international level as well. India's stable and positive growth rate and the growing confidence of global investors here is making it a best destination.PM Modi told the movement of the country's economyDuring the NDTV World Summit, Prime Minister Modi discussed the achievements of 125 days of his government's third term. He informed that during this period 3 crore new houses have been approved for the poor and infrastructure projects worth Rs 9 lakh crore have been started. Along with this, 15 new Vande Bharat trains have been operated and construction work of 8 new airports is going on.Prime Minister Modi also emphasized that India has emerged as a ray of hope amid the current global uncertainties. While on the one hand the world is facing various tensions and challenges, on the other hand India is playing a leading role in global leadership due to its positive attitude and development path. The 6-7% rise in Sensex and Nifty in the last 125 days and the foreign exchange reserves reaching more than $700 billion are proof that India is on the path of rapid development.Attraction for global investors in IndiaRapid economic reforms, technological advancement and government policies in India have made it an attractive destination for global investors. Under the leadership of Prime Minister Modi, a favorable environment for investment is being created in India, which is increasing not only domestic but also foreign investment. The confidence of global investors like Mark Mobius in India shows that in the coming times, India is ready to emerge as a major player on the global economic map.