Mr Modi noted that foreign direct investment (FDI) had grown consistently in the last five years. In fact, he gave two definitions for FDI. One that is its usual one and the other ‘first develop India’. He mentioned that India’s Ease of Doing Business ranking has rapidly improved and now stands at 63rd position from 142 earlier.

Addressing the captains of the industry at Vigyan Bhawan in the national capital, Mr Modi said that corporate tax was currently the lowest in the history of India and pointed out reforms in tax systems and Companies Act to make the regime industry-friendly and also competitive in the world. He also called upon the industry to invest freely in the country, and don’t worry about anything as no unjust action would be taken against companies. “Khul kar nivesh karein, paisa kharchein aur aage nivesh karein”, he said. He also told industry to strengthen wealth creation and job creation, the Government is standing with them.