Is India really shining? After the new government has taken charge the economy of the country got revived and has attracted investment from all over. Prime Ministers determination and the innovative ideas such as Swach Bharath Abhiyan, Make in India, Digital India, etc has put the country in the map of fastest developing country. Even IMF has stated that India may over take China in the near future in terms of development.
The government Friday said that the Indian economy has the potential to become a $4-5 trillion economy in the next 10-12 years. According to Minister of State for Finance Jayant Sinha, the time was right to invest in India, as it is one of the best places to create wealth. "It's great time to invest in India. We are going to take India's $2 trillion economy to $4-5 trillion economy in the next 10-12 years," Sinha said at an event organised by the Indian Private and Venture Capital Association (IVCA). Sinha pointed out that the government wants to develop Mumbai as a global financial centre. "Why can't India become an international financial centre like Singapore and London? We want to make Mumbai an international financial centre," Sinha said. The minister assured foreign investors that tax issues will be addressed appropriately in the next budget and that the country was committed in facilitating the entry of foreign capital.