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

New Delhi, Feb 27 India's stock exchange has seen an intensified yearly development rate (CAGR) of 13 for every penny throughout the most recent four years, since Prime Minister Narendra Modi accepted office, which exhibits that putting resources into the nation bodes well, Commerce and Industry Minister Suresh Prabhu said today.

The minister made the comments in presence of the Prime Minister, who managed the inaugural session of India-Korea Business Summit here.

"The stock trading system over the most recent 4 years, as far back as the Prime Minister has assumed control over the initiative, has developed by 13 percent CAGR. It has returned 13 percent exacerbated yearly development rate to the presence and that shows that investing in India makes business sense," Prabhu said.

Tending to the summit composed by CII, the minister said difficulties will be routed to understand the prime ministers vision of bringing more investments to India, particularly from Korea.

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.

The minister said India can offer a special area demarcated for Korean organizations in the Delhi-Mumbai industrial corridor.

We can give a special area demarcated for Korean area in which everything will be Korean, and in this way under the Delhi-Mumbai industrial corridor some area can be recognized just for Korean companies, said the minister.