Prime Minister Narendra Modi on 13 Nov made a strong pitch for greater cooperation between India and the ASEAN (Association of Southeast Asia Nations), which would power both regions to mutual economic growth and overall development.
"In the near future, south Asia and southeast Asia will be the development engine of the world," PM Modi said at the ASEAN business and investment summit in Manila, Philippines.
"Government of India's 'Act East policy' puts this (ASEAN) region at the centre of our engagement," he added.PM Modi went on to say that the task of transforming the country is proceeding at an "unprecedented scale" and invited the 10-member bloc to participate in India's growth story.
The prime minister said the focus of his government has been to make India a global manufacturing hub and initiatives like Start Up India and Stand Up India ensure to make youngsters job creators, and not merely job seekers.
Speaking about the reforms that are changing the economic landscape of India, PM Modi said demonetisation has transformed India into a less-cash economy while the unified tax regime of GST has given a huge boost to the ease of doing business in the country.
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