Experiencing an era of unprecedented socio-economic changes, India today is an ideal place for global investors. This was stated by Prime Minister Narendra Modi at the investment Summit of Destination Uttarakhand: Investors Summit 2018, which opened in Uttarakhand State.
According to Press Trust of India, the head of the government noted that in recent years the budget deficit and inflation have decreased in India, there has been a rise in the middle class and the birth rate.
«Over the past four years, the state and state authorities have jointly taken more than 10,000 measures that helped the country improve its position in the business comfort rating by 42 points», - said Narendra Modi.
As a positive example, he noted the single tax on goods and services (GST), which has been in force in India since July 2017. In the framework of the single tax, small enterprises with an annual turnover of less than 2 million rupees are exempted from its payments, and for companies with an annual turnover of no more than 7.5 million rupees, a preferential reduced rate is provided.
10,000 km of roads and 100 new airports have been built in the country in recent years.
Speaking about investments in the country, the Prime Minister called the tourism sector one of the most promising. According to him, the state of Uttarakhand, at the expense of unique natural resources and the development of yoga can become the first «spiritual ecological area» in the country.