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Now is the best time to invest in India, says Union minister Jitendra Singh

Tells Indian diaspora to explore start-up boom in India

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Union Minister Jitendra Singh, on Sunday, claimed that India is fast becoming the investment destination for the world and told the Indian diaspora in New York that this is “the best time” to invest in the country.

During an interaction with the Indian diaspora, the minister claimed that the pro-business reforms launched by the government in the past eight years, including easing of compliance requirements, removal of retrospective taxation, and simplification of the corporate tax rate structure have improved India's rank in ease of doing business.

He said according to toe the World Bank report, the ease of doing business in India has improved from 142 in 2014 to 63 in 2022.

The minister invited NRIs and PIOs (persons of Indian origins) to explore the start-up bloom in India. 

There is a tremendous focus in the country on sunrise sectors such as 5G, artificial intelligence, drones, semiconductors, Block chain, green energy, and space economy, Singh said. 

Further, he expressed happiness that so many of the fortune 500 companies, including Alphabet, Microsoft, Adobe, IBM, and Starbucks, have Indians either heading them or playing an important role in the senior level management.

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