Prime Minister Narendra Modi’s strong leadership is among the key advantages India has to offer as an attractive investment destination which is set to become the world’s leading economy by 2047, Andhra Pradesh Chief Minister N Chandrababu Naidu said in London. In his chief guest address at the annual London Global Convention organised by the Institute of Directors (IoD) on Tuesday night, Naidu pitched his vision for the “speed of doing business” through a “public, private, people’s partnership” model for his state.
The Telugu Desam Party (TDP) chief also presented his wife Nara Bhuvaneswari, Vice-President and Managing Director of Heritage Foods Ltd, with the prestigious IoD Distinguished Fellowship and the Golden Peacock Award for Excellence in Corporate Governance. m”We have some advantages in India: One is economic reforms, second is around first mover advantages of IT, and third, we have a very strong leader Narendra Modi as prime minister,” said Naidu. “Recently, you have seen our GST reforms; what all structural deficiencies, he (Modi) is correcting now. We are having an additional advantage of demographic dividend.
India is moving very fast. It is on autopilot now. It is unstoppable. India as of today is the fourth largest economy; by 2047, India will be the number one economy of the world,” he said. Following the awards presentation ceremony, Naidu praised his wife’s remarkable contribution to public service, business leadership and society.