Prime Minister Narendra Modi on Monday said that India has carried out a host of economic reforms to improve the 'Ease of Doing Business' in the country, adding that this is the best time to invest in India.
While delivering the 'State of the World' special address at the World Economic Forum's virtual Davos Agenda, the prime minister listed out the reforms undertaken by his government to solve the issue of retrospective tax in the country.
He also mentioned asset monetisation being done by his government and the large-scale infrastructure projects being carried out in India.
India is not only focusing on 'Atmanirbharta' or self-reliance but also incentivising investment and production. India is moving ahead with 'Make in India' and 'Make for the World' mantra, Modi said.
Modi called for collective and synchronised actions by all the countries to fight the challenges faced by the world. He said supply chain disruptions, inflation and climate change are among those problems which require collective action by the countries, and also gave the example of cryptocurrency which requires such action.
"With the type of technology that is related with cryptocurrency, actions taken by any one country will not be sufficient to deal with the challenges posed by it. All the countries will need to have the same approach to it," he said.
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