India’s Modi lays ‘red carpet’ for foreign investors to boost virus-stung economy
Record ID:
1561517
India’s Modi lays ‘red carpet’ for foreign investors to boost virus-stung economy
- Title: India’s Modi lays ‘red carpet’ for foreign investors to boost virus-stung economy
- Date: 9th July 2020
- Summary: BHARUCH, GUJARAT, INDIA (FILE - APRIL 26, 2020) (ANI - NO USE INDIA) EXCAVATOR LIFTING CONTAINER VARIOUS OF CONTAINERS
- Embargoed: 23rd July 2020 13:22
- Keywords: Bharuch Global Week summit 2020 Gujarat India Narendra Modi New Delhi coronavirus economy industries investments lockdown markets
- Location: NEW DELHI/BHARUCH, GUJARAT, INDIA
- City: NEW DELHI/BHARUCH, GUJARAT, INDIA
- Country: India
- Topics: Economic Events
- Reuters ID: LVA004CM37V4F
- Aspect Ratio: 16:9
- Story Text:Prime Minister Narendra Modi on Thursday (July 09) said India is laying a 'red carpet' for international companies to come and establish their presence in the country, during the Global Week 2020.
Modi's government is slowly restarting economic activities after a prolonged period of slow growth in Asia's third-largest economy due to months of lockdown that has raised debt and persistent stress in parts of the financial system.
Modi also said that India is already seeing 'green-shoots' of economic recovery, and urged foreign investors to pour money in potential sectors in the country, including agriculture, defence, and space and Micro, Small and Medium Enterprises. - Copyright Holder: ANI (India)
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