Prime Minister Narendra Modi, pitching India’s growth story before global investors has promised them a fair, predictable and consistent tax system and growth-focussed economic policies. PM while interacting over dinner with representatives of 21 top global fund houses, which manage over $11 trillion worth investible assets and included sovereign wealth funds, said the priority of his government is “growth and jobs” and to establish global benchmarks in areas such as governance, transparency and taxation. Modi told the investors that “he believes in a fair, predictable and consistent tax system, and in economic policies that will drive growth”.
During the summit, Finance Minister Arun Jaitley, along with other senior ministers, also pitched India growth story before these investors and invited them to invest here. They outlined the government’s economic reform roadmap and investment opportunities available in the country before these investors during a day-long India Investor Summit.
The 21 top global investors who participated in the Summit, included Abu Dhabi Investment Authority ($770 billion), Australian Government Future Fund ($95 billion), Temasek ($175 billion), Canadian Pension Plan Investment Board ($205 billion), Hong Kong Monetary Authority ($400 billion) and Saudi Arabian Monetary Agency ($ 755 billion). The main objective of the summit was to deliberate on economic reform agenda being pursued by the government.