Speaking at the ‘Make in India' week in Mumbai recently, Prime Minister Narendra Modi has said that India will cross seven percent in GDP growth for the current fiscal. The PM also added that leading global financial institutions like IMF, World Bank, OECD, ADB and others have projected even better growth in the coming days.

"Our FDI inflows have gone up by 48 per cent since the day my Government came into office.  In fact, FDI inflow in December, 2015 was the highest ever in this country.  This is, at a time, when global FDI has fallen substantially," he shared.

The PM also reiterated his commitment of carrying out a number of corrections on the taxation front adding that his Government is laying all round emphasis on Ease of Doing Business. "In the manufacturing sector, we have taken decisive steps to simplify processes and rationalize provisions. 

"This includes licensing, cross-border trade, security and environmental clearances. We have made substantial policy corrections in the defence sector. From licensing to offset regime and export regime, we have given what the defence industry was looking for," he shared.

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