India poised to become world's 5th largest economy, says Narendra Modi
Updated : January 26, 2019 08:13 AM IST
Modi was addressing the India-South Africa Business Forum organised jointly by Indian industry chambers CII, Ficci and Assocham in the presence of visiting South African President Cyril Ramaphosa.
Modi also noted that India had risen to 77th place in the World Bank's latest Ease of Doing Business rankings and is currently among the most attractive destinations for foreign direct investment (FDI) according to UNCTAD.
Noting that Indian investment into the African nation is growing and has touched $10 billion, Modi said India will be happy to share its experience with South Africa in the area of policy reforms and setting up ground level agencies.