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We will do everything possible to make India the world's best investment destination and a better place to do business in, apart from going "as far as possible" to revive the "animal spirits" and make the "entire private sector bullish", Prime Minister Narendra Modi said in an interview with the Economic Times on Sunday .The prime minister's interview, which focused on key economic topics such as reviving growth, banking, ease of doing business, slowdown in demand and the US-China trade war, among other things, comes amid increasingly vocal concerns over a slowdown in the Indian economy, especially in the automobile sector, which has reported significant job losses.
Here are the top five things the PM said in his interview:
1) All possible support for honest, law-abiding businesses
In a bid to reassure India Inc, Modi said that the government wanted entrepreneurs to enjoy higher productivity and better profits.
The PM said that he wanted to motivate the country's industrialists to "believe in the India story" and in the "long-term potential of the Indian market". Further, he said that entrepreneurs should carry on with their businesses and complete their investment plans without any confusion.
The PM's reassurance comes amid allegations of so-called 'tax terrorism'. After the apparent suicide of Cafe Coffee Day founder V G Siddhartha, who was under investigation by tax authorities, business leaders had expressed anger over the government going too far in its crackdown on tax evasion and fraud.
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