Modi Promises Deep Reforms In Pitch To Investors

India’s Prime Minister Narendra Modi sought to woo investors by promising that the fastest-growing economy in the world was committed to reforms, and called for a collective global effort to deal with problems posed by cryptocurrencies.

- Nirmala Ganapathy

Mr Modi, speaking at the World Economic Forum’s Davos Agenda online conference on Monday, noted that India was successfully moving ahead with its economic plans despite the Covid-19 pandemic.

“India is fighting cautiously and vigilantly a new wave of the Covid-19 pandemic. At the same time, on the economic front, India is moving forward with many results that give us hope,” he said.

India’s economic growth is predicted to be 8.3 per cent in the current financial year and 8.7 per cent in the period from 2022 to 2023, according to the World Bank’s Global Economic Prospects report.