India Global Bright Spot With Strong Desire To Grow More: PM Modi

India is a global bright spot with a strong desire to grow even more, Prime Minister Narendra Modi said on Sunday as he shared on social media a recent Capital Group report which stated that the country is poised for a period of secular growth, fuelled by significant expansion in direct and fixed asset investment.
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Sharing the report on Twitter, Modi said, "Youngsters and entrepreneurs will find these 9 points interesting."
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"And yes, India is a global bright spot with a strong desire to grow even more!" he said.
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The Capital Group, in a recent report, said India is poised to rise among emerging markets in this decade.
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The country has had political stability over the last 10 years allowing economic development to be a top priority.
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"While political instability and market volatility may increase in advance of general elections next year, we believe that India is poised for a period of secular growth, fueled by significant expansion in direct and fixed asset investment," the Capital Group said.
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The report has listed several key aspects that make India appealing compared with other emerging markets.
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Those aspects include reforms measures taken under Prime Minister Narendra Modi's government such as Aadhaar, Goods and Services Tax (GST), Unified Payment Interface (UPI) and Production-linked incentive programmes, Capital Group, the biggest money managers in the world, said.
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In another tweet, Modi said that over the last few days, foundation stones for two PM-MITRA mega textile parks have been laid.
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These parks will come up in Amravati in Maharashtra and Navsari in Gujarat, he said and added that they will bolster productivity, foster innovation and generate many employment opportunities.