Global investors looking at India, don't miss this chance: PM to India INC

Prime Minister Narendra Modi on Tuesday said investors from across the world are keenly looking at India and the domestic industry must rise and seize this golden chance to play its role in achieving the goal of Viksit Bharat by 2047 reported news agency PTIAddressing a CII postBudget conference on Journey Towards Viksit Bharat he said the Modi government does not lack political will and will take all decisions keeping in mind nation first approachIndia is growing at 8 per cent and the day is not far when the country will become the third largest economy globally from the current fifth position he told India Inc reported PTIThe prime minister exuded confidence that this feat of becoming the third largest economy will be achieved in his ongoing third termHe also recalled various measures announced in the Budget especially for promoting the MSME sector which creates crores of jobsToday the whole world is looking at India and you The policies of the government and commitment and investment are becoming foundation of global development Investors across the world are keen to come to India World leaders are filled with positivity for India This is the golden chance for the Indian industry and we should not lose this opportunity PM Modi told India Inc reported PTIThe domestic industry he said should compete with the government to make India a developed nation by 2047 and also make it a global player in sunrise sectorsThe intent and commitment of the government is clear Whether it is nation first or USD 5 trillion economy Aatmanirbhar Bharat Viksit Bharatwe are working with full focus he said reported PTIAddressing the leaders of Indian Industry PM Narendra Modi highlighted the achievements of his government over the last ten years PM Modi said India is currently the worlds fastestgrowing major economy and in the last ten years the countrys budget has increased three times to Rs 48 lakh crore from Rs 16 lakh crore reported ANIPM Modi said When in 201314 the last budget of Dr Manmohan Singhs government was presented it was Rs 16 lakh crore Today in our government it has increased by three times and reached Rs 48 lakh crore reported ANIPM Modi said that in 2004 when the UPA government assumed power their first budgets capital expenditure was Rs 90000 crore In their 10year rule the UPA government was able to increase capital expenditure to Rs 2 lakh crore Now in 2024 it is more than Rs 11 lakh croreIn ten years from 2004 to 2014 the capex somehow doubled but in our tenure the capex has increased by more than five times PM Modi said reported ANIPM Modi also highlighted that Indias focus on key sectors of the economy He shared that compared to the previous government the current government has increased the railway budget by 8 times the budget for highways has also increased by 8 times the agriculture budget has increased by more than 4 times and the defence budget too is increased by more than 2 timesWith inputs from PTI and ANI