Prime Minister Narendra Modi (centre) with CEOs of top financial institutions before a meeting with them in New York on Thursday Sep 24,2015
The roundtable was convened by Jamie Dimon, the CEO of J.P. Morgan Chase.
Prime Minister Narendra Modi on
Thursday Sep 24,2015 courted top financial sector CEOs to sell the India growth
story, assuring them their concerns would be resolved and bottlenecks
removed.
Kicking off his second visit to the US in one year with a meeting with officials from eight of the top 10 financial entities in the US, including J P Morgan and Blackstone, Modi outlined efforts made during the last 15 months to increase investment in key areas like infrastructure.
He outlined the government’s reform agenda as well as improving economic climate and said “any bottlenecks which should not be there will not be there.”
In India, GDP growth last year was 7.3 % — among the highest in large economies, he said. Also, there has been a 40% jump in foreign direct investment (FDI)
Kicking off his second visit to the US in one year with a meeting with officials from eight of the top 10 financial entities in the US, including J P Morgan and Blackstone, Modi outlined efforts made during the last 15 months to increase investment in key areas like infrastructure.
He outlined the government’s reform agenda as well as improving economic climate and said “any bottlenecks which should not be there will not be there.”
In India, GDP growth last year was 7.3 % — among the highest in large economies, he said. Also, there has been a 40% jump in foreign direct investment (FDI)
The finance sector leaders raised issues like the ease of doing business
in India, reforms in the insurance sector and in bankruptcy laws.
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