This is best time to invest in India, as country fast becoming investment destination for world:Dr Singh

25-09-2022 : Science and Technology Minister Dr Jitendra Singh has told that this is the best time to invest in the country, as India is fast becoming the investment destination for the world.

He said this while interacting with the Indian Diaspora in New York today. Dr Singh said several pro-business reforms have been taken in the last eight years.

This includes reduction in compliance requirements, removal of retrospective taxation and simplification of the corporate tax rate structure.

The Minister said, as per World Bank report India has improved its ranking in ease of doing business from 142 in 2014 to 63 in 2022.

Dr. Singh also invited the Non-resident Indians and Persons of Indian origins to come and explore the great Start-up boom in India.

He said, with over 77 thousand start-ups and one hundred and five unicorns, the country’s innovators, incubators, and entrepreneurs are making a mark for themselves.

He added, there is tremendous focus on sunrise sectors such as 5G, artificial intelligence, drones, semiconductors, Block chain, green energy and space economy in the country.