Indian economy is making impressive progress : Indra Nooyi

摘要

Indian economy is making "tremendous" progress and is adapting to the demands of life in the 21st century, Indian-American Pepsico chairman Indra Nooyi said recently, a day after India jumped 30 places to rank 100th in the World Bank's 'ease of doing business' ranking. India, which was ranked 142nd when Narendra Modi government took office in 2014 and 130th last year, is the only large country this year to have achieved such a significant shift. "India's economy is making tremendous progress adapting to the demands of life in the 21st century, particularly when it comes to digital infrastructure and using technology to turn demonetisation into remonetisation," Nooyi, 62, said. "Given the Prime Minister's commitment to making it easier for international companies to do business, I have a feeling that the pace of change will only accelerate, and before long Incredible India will be known as Innovative India," Nooyi said in a statement issued by the US India Strategic and Partnership Forum (USISPF), of which she is a board member. Lauding India for improving its ranking, the statement said this important achievement reflected the incredible progress the country has made in recent years in increasing the ease of doing business. John Chambers, chairman of USISPF, congratulated prime minister Modi for this achievement. "India's future is brighter than ever thanks to the government's willingness to embrace tough but essential economic reforms, such as demonetisation and creating the Goods and Service Tax," he said. "This, in combination with unprecedented investments in its digital infrastructure and workforce, will only continue to strengthen the US-India strategic partnership for years to come," Chambers said. India climbing a historic 30 spaces forward is due to reforms and policy changes that have been made by the Modi government, USISPF said. This year's ranking represents India's highest ever increase and "signals the momentum for reforms" being made under the leadership of Modi, it said.