Stock exchange grew 13 pc in PM Modi's tenure: Suresh Prabhu

NEW DELHI - Feb. 27, 2018 - PRLog -- India's stock market has seen an intensified yearly development on a compounded annual growth rate (CAGR) of 13 percent over the last 4 years, since Prime Minister Narendra Modi assumed office, which demonstrates that putting resources into the nation bode well, Commerce and Industry Minister Suresh Prabhu said today.

Prabhu made the remarks in presence of the Prime Minister, Narendra Modi, who presided over the inaugural session of India-Korea biz Summit at New Delhi.

Tending the summit organized by Confederation of Indian Industry, the minister said difficulties will be addressed to realize the prime minister's vision of bringing more investments to India, particularly from Korea.

Identifying the areas for escalating bilateral economic co-operation, the minister said India can send out marine food products, chemicals, clothes and leather to Korea. The two countries can work together in space technology and businesses, he added.

Listing the areas for escalating respective monetary participation, Prabhu said India can send out marine nourishment items, chemicals, pieces of clothing and calfskin to Korea. He said the two countries can work together in space innovation and new businesses. He said India can offer a special area demarcated for Korean organizations in the Delhi-Mumbai industrial corridor.

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