New Delhi: PM Narendra Modi said that the global economy is going through difficult conditions at this time, but the base of the Indian economy is strong and our policies are also clear. PM Modi was addressing the Global Business Summit 2020 organized on Friday. He further said that economic or social, the country is going through a big phase of change today.
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He said that in the last few years, India has become a strong part of the international economic system, but due to different reasons, international conditions are such that the international economy is weak and in a difficult condition. Nevertheless, we have taken the initiative so that its impact on the Indian economy is minimized, we have taken active steps and our steps have yielded positive results.
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In this episode, he told that there has been a boom in the private sector. Therefore, our government is opening more and more sectors of the economy to the private sector. In 2019, the country received nearly 48 billion dollars of foreign direct investment (FDI). This growth rate is more than 16%. In 2018, private equity (PA) and venture capital investment (VCI) came to $ 19 billion. Growth in this was more than 53%.