India on it’s track to become USD 5 trillion economy soon, says PM Modi in Seoul

India is now a more open economy and in the last four years it has attracted USD 250 billion foreign direct investment (FDI)

Narendra Modi Seoul Indian economy

On Thursday, PM Modi said that the fundamentals of the Indian economy are concrete and it is on the track to become a USD 5 trillion economy soon.

He said while addressing the India Korea Business Symposium in Seoul, India is now a more open economy and in the last four years it has attracted USD 250 billion foreign direct investment (FDI).

He said, in the world no other large economy has grown at 7% year after year.

He also added that India has reached to 77th position on the World Bank ease of doing business ranking and is determined to snap into the top 50 by next year.

The Government's role is to provide a support system, along with this he said that India has emerged as a land of opportunities.


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