Prime Minister Narendra Modi, speaking at the India-Japan Joint Economic Forum, emphasized India’s economic evolution over the past 12 years through the principle of ‘Kaizen,’ focusing on continuous improvement. India, currently the world’s fastest-growing major economy, achieved a remarkable GDP growth of 7.7% in the previous financial year. PM Modi underscored the government’s commitment to enhancing governance, taxation, and the business environment to attract Japanese businesses and investors.
India’s reform agenda has prioritized advancements in governance, taxation, and ease of doing business to foster a competitive and investment-friendly atmosphere. The government has introduced progressive reforms in various sectors, inviting private sector participation and offering incentives to facilitate growth opportunities. PM Modi highlighted the country’s appeal to Japanese businesses, supported by incentive schemes and a conducive investment climate.
Referring to the Japan Bank for International Cooperation’s survey, PM Modi mentioned India’s consistent recognition as the top choice for Japanese businesses for four consecutive years. He stressed the strategic partnership between India and Japan, outlining plans to deepen collaboration in critical areas like economic security, artificial intelligence, defense, and healthcare. The Prime Minister expressed optimism about the future of the India-Japan partnership, urging businesses to translate policy initiatives into concrete investments and partnerships.
