(LiveMint)
Highlighting “path breaking” economic reforms undertaken by his government, Prime Minister Narendra Modi on Saturday said India’s growth story will further pick up speed when there is an all-round development of the north-east. Inaugurating the two-day ‘Global Investors Summit’ hosted by Assam, he stressed on the importance of ‘Act East Policy’ in the Centre’s aim of achieving balanced and fast-paced growth of the north-eastern region. “We have created the Act East Policy and the Northeast is at the heart of it.
“The Act East Policy requires increased people to people contact, trade ties and other relations with countries on India’s east, particularly ASEAN countries,” he said. The prime minister said due to economic reforms, India is today the most preferred investment destination in the world with the highest FDI in last fiscal at $60 billion, and highlighted the country’s improved credit rating, low inflation rate and opening of various sectors to foreign direct investment.
“The world sees India today as an emerging power house for economic growth,” he said. Modi said his government has changed the work culture of the official machinery, giving it greater speed, and “we want all projects to be completed before target.”
