Prime Minister Narendra Modi, while addressing the India-Japan United Economic Forum, emphasized the deep strategic and economic partnership between the two countries. Speaking in Tokyo, Modi highlighted India’s rapid development, increasing role of Japanese investment and a bright future of India as a global economic superpower. He said that Japanese companies have invested more than $ 40 billion in India, of which $ 13 billion have come in the last two years, which reflects strong faith in India’s development path.
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India is a political and economic superpower
Modi pointed to India’s stable political atmosphere and transparent policy structure, saying that today, there is political and economic stability in India. There is transparency in our policies. ”He said that India is the fastest growing major economy in the world and is on the way to become the third largest economy in the world in the near future.
Improvement, demonstration and change: engines of development
The Prime Minister gave the credit of India’s progress to its commitment to reforms and said that this change in India is the attitude of our improvement, performance and change. He announced the government’s decision to open areas such as nuclear power for private sector participation, carrying forward the reforms made earlier in defense and space sector.
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Strength of India-Japan Economic Relations
Highlighting the strong bilateral relations, Prime Minister Modi described Japan as a prominent partner in India’s development journey. He said that from metro rail to manufacturing, semiconductor to startup … Japan has always been an important partner. Modi also mentioned his personal relations with several Japanese business leaders during his tenure as the Chief Minister of Gujarat.