New Delhi – The Prime Minister, Narendra Modi, addressed the Economic Times Global Business Summit.He said from the days of 2013-14, when India was beset with problems such as runaway inflation, high fiscal deficit and policy paralysis, change is clearly visible .The impossible is now possible, he declared, as he spoke of the progress made in making India clean and corruption free; in the poorleveraging the power of technology, and in removing discretion and arbitrariness in policy making.
He said rankings are mostly lagging indicators, which change only after things have changed on the ground. In this context, he gave the example of Ease of Doing Business, where several parameters have visibly improved.
He said that as India’s rank in Global Innovation Index has gone up from seventy six in 2014 to fifty seven in 2018, the surge in innovation is clearly visible.