Addressing India-Malta Business forum in Valletta yesterday evening, Mr Naidu said that transformative vision is making India one of the most favourite investment destinations in the word. He said that the Indian economy, growing at around 8%, currently is one of the fastest growing major economies of the world.
Vice President said that India is projected to become a five-trillion-dollar economy by 2025, making it the 3rd largest consumer market in the world. Referring to Jan Dhan Accounts and GST, he said that the number of economic reforms has been undertaken by the government.
VP Naidu said India is rapidly expanding its infrastructure and the policy initiatives taken by the government are opening up new opportunities.
Vice President said that Maltese companies could consider investing in India in health, maritime transport, films, pharmaceutical, travel and tourism sectors.