PM Modi at Gujarat Summit: Avg inflation of 4.6% during BJP's term lowest for any govt since 1991

Prime Minister Narendra Modi on Friday inaugurated the 9th edition of Vibrant Gujarat Summit at the Mahatma Mandir in Gandhinagar . In 2003, Modi had envisaged the summit as Gujarat Chief Minister to brand Gujarat as an ideal business hub and investment destination.

Prime Minister Narendra Modi

Gandhinagar: Prime Minister Narendra Modi on Friday inaugurated the 9th edition of Vibrant Gujarat Summit at the Mahatma Mandir in Gandhinagar . In 2003, Modi had envisaged the summit as Gujarat Chief Minister to brand Gujarat as an ideal business hub and investment destination. "The summit provides a platform for brainstorming on agenda of global socio-economic development, knowledge-sharing and forging effective partnerships," the official release said. Around 1.5 million visitors and 3,000 delegates from over 100 countries are expected to take part at the event. However, there shall be no delegation from Pakistan for the business summit. Addressing business delegates during Day 2 of the summit, PM Modi hailed his government's reformist measures of Goods and Services Tax and demonetisation by saying that the average GDP growth of 7.3% over the entire term of our government, has been the highest for any Indian government since 1991.  He added that the average rate of inflation at 4.6% is lowest for any Indian government since 1991 Modi highlighted the fact that, India had jumped 65 places in the last 4 years in the Global Ranking of World Bank’s Doing Business Report. However, the PM said that he wasnt yet satisfied. I have asked my team to work harder so that India is in the top 50 next year. We will continue the pace and process of reforms. I have told my team to work harder: Modi The Vibrant Gujarat Global Trade Show is being held on around two lakh square metres area of an exhibition ground to showcase products of nearly 25 industrial and business sectors from across the globe. Earlier on Thursday, PM Modi inaugurated a global trade show in Gandhinagar as part of the Vibrant Gujarat Global Summit 2019. The trade event, which is scheduled to end on January 22, will be open for general public on January 21 and 22.