Salient Points of PM Modi’s address at the Plenary Session of St. Petersburg International Economic Forum on 02 Jun, 2017

• I want to specially thank President Putin for inviting me to this forum, that too in his homeland

 

• At a time when we mark 70 years of strong ties with Russia, I am happy to be here among you

 

• India- Russia ties are not utilitarian. There is an underlying trust in our ties & our ties have grown stronger & deeper over time

 

• The eyes of the world are on Asia and there is renewed interest in India

 

• In the last three years there have been substantial reforms, guided by the principle of ‘Minimum Government, Maximum Governance’

 

• Political will, political stability and clear vision set the tone for transformative reforms

 

• GST will be implemented and there will be a uniform system of taxation. This will benefit industry

 

• We are living in the era of technology. In that context, a digital divide can adversely affect the development trajectory of any nation

 

• Our constant aim is to bridge the digital divide. Over the last three years the impetus to financial inclusion has been tremendous

 

• We have removed over 1200 laws that are obsolete in today’s context. This is a manifestation of our belief in ‘minimum government’

 

• India is a fast growing economy- this is a sentiment leading global agencies are reflecting

 

• It is also agreed that among the top FDI destinations in the world, India figures highly

 

• New India is about upgraded infrastructure

 

• In India, we are nurturing an eco-system where the youth of India becomes a job creator, not job seeker

 

• India is urbanising rapidly and this makes the need of infrastructure and waste management mechanisms even more important

 

• Number of people who travel by train in India will be more than population of many nations. Hence, railway infra is vital

 

• In India, sky is the limit. There are opportunities in several sectors

 

• I see immense opportunities in manufacturing healthcare equipment, defence sector, services sector

 

• In India there is lot of work underway in renewable energy

 

• 125 crore people of India are inviting you- explore the opportunities in India