Page 23 - NIS English November 1-15

Defence In March 2012, the cover page of
Sector
India in top 25
countries in
defence exports
l According to a report of Stockholm
International Peace Research Institute,
India is now among the top 25 countries
in defence exports. India is exporting
bullet-proof jackets to over 100 countries
l Indian defence exports grew from Rs 994
Crore in 2014-15 to Rs 4,682 Crore in
2018-19 and to Rs 10,745 Crore in 2019-20
l India was considered to be a country
importing defence products and arms
and ammunition. But, in the past five
years, Indian arms imports have come
down by 32%
help in importing the anti-malarial drug from
India to treat Covid-19 patients in the US. India
had banned the export of hydroxychloroquine to
ensure that domestic requirements were met.
However, later India revoked the ban to supply
the medicine to several countries.
FOREIGN INVESTMENTS, INNOVATIONS
In 2019, India received $51 Billion in foreign
investment and was on the ninth position
globally. India has risen from 81 to 48 in the
Global Innovation Index rankings in the last
5 years. It has also moved up from 142 to 63
in the World Bank’s Ease of Doing Business
rankings in the last five years. Results of
these improvements are there for everyone
to see. India received around $70 Billion from
Institutional Investors between January 2019
and July 2020. This is almost equal to the
the Time Magazine said
“Modi Means Business”. Since
he became the Prime Minister,
he has shown a new direction to
the world
amount India received in four years between
2013 and 2017. The continuing confidence
of the global investor community in India is
seen by the fact that FDI into India went up
by 20 per cent in 2019, that too when global
FDI inflows fell by 1 per cent.
India is undisputedly the only country
shining in all investment parameters like
having political stability, investment and
business friendly policies, transparency in
governance, skilled talent pool and a large
market. India is offering an opportunity for
everyone including Institutional Investors,
manufacturers, supporters of innovation
ecosystems and infrastructure companies.
Prime Minister Narendra Modi had made
his presence felt on the global platform
even as the Chief Minister of Gujarat. In
September 2011, a report prepared by
the US Congressional Research Service
identified Gujarat under him as offering
perhaps the best example of effective
governance and impressive development in
India, and observed that under his watch the
state had become a key driver of national
economic growth. It went to the extant
of calling him a “King of Governance”. In
March 2012, the cover page of the Time
Magazine said “Modi Means Business”.
Since he became the Prime Minister, he has
shown a new direction to the world. The
Prime Minister, in his keynote address at
the Invest India Conference in Canada on
October 8, 2020, said there is an opportunity
for everyone in India -- institutional investors,
New India Samachar 21