The Direct Benefit Transfer (DBT) has ended the culture of middlemen and inefficiency, says Narendra Modi.
India’s Prime Minister Narendra Modi on 3rd of November during his address at the Golden Jubilee Celebrations of Aditya Birla Group in Thailand said, the Direct Benefit Transfer (DBT) has ended the culture of middlemen and inefficiency.
“You would be shocked to know that for years; money was spent on the poor which did not really reach the poor. Our Government ended this culture thanks to DBT. DBT has ended the culture of middlemen and inefficiency,” said Prime Minister.
Improving Tax Regime
Prime Minister said he’s happy that India is one of the most people friendly tax regimes.
India an attractive destination for Investment
India received 286 billion US dollar FDI in the last five years. This is almost half of the total FDI in India in the last twenty years, he said.
In pursuit of the dream of 5 Trillion Dollar Economy
“India is now pursuing another dream- to become a five trillion dollar economy. When my Government took over in 2014, India’s GDP was about 2 trillion dollars. In 65 years, 2 trillion. But in just 5 years, we increased it to nearly 3 trillion dollars,” Prime Minster said.
Act East Policy
“In the spirit of our Act East Policy, we are paying special attention to enhance connectivity with this region. Direct connectivity between ports on Thailand’s west coast and ports on India’s east coast will enhance our Economic Partnership,” he said.
He further said, for investment and easy business, come to India. To innovate and starting up, come to India. To experience some of the Best tourist sites and warm hospitality of people, come to India. India awaits you with open arms.