New India is possible only with big reforms, big infra and big talent: PM

Prime Minister Narendra Modi on Wednesday said his government has rolled out the “red carpet” for investors, instead of pushing them into the “web of red tape”. Building a new India is possible only with “bold reforms, big infrastructure, and best talent”, he added.

The government’s proactive steps have led to a situation where India has been hailed as a “bright spot” amid the current global turmoil by experts and agencies, he said. Foreign direct investment inflows into the country hit a record $84 billion in FY22. “This is an achievement amid the pandemic and war-related situations across the globe,” Modi said.