'India won't disappoint', PM Modi hails Indian-American's post on investment climate

Prime Minister Narendra Modi. (File photo)

Prime Minister Narendra Modi on November 26 hailed Indian-American entrepreneur and investor Balaji S Srinivasan for expressing optimism about the investment climate in India and reiterated the country's commitment to innovation and welcoming global investments.

Responding to Balaji’s post about India's investment environment, the PM posted on social media platform X, formerly Twitter, “I love your optimism and will add – the people of India are trendsetters and trailblazers when it comes to innovation. We welcome the world to invest in our nation. India won't disappoint.”

I love your optimism and will add- the people of India are trendsetters and trailblazers when it comes to innovation.

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We welcome the world to invest in our nation. India won’t disappoint. https://t.co/1OYtST7YX4

— Narendra Modi (@narendramodi) November 26, 2023

Balaji expressed his interest in investing in India, citing its growth potential. His statement indicated a positive outlook on the economic prospects of the country and reflected confidence in the opportunities for investment and growth in the Indian market.

“If you see a startup growing, does that mean it doesn't have any flaws? That it's the best in the world? That you're going to use it for everything right away? No, of course not. But you might start using it, and putting money into it, and talking about it to your friends. And that's how I think about India — an ancient civilization that's simultaneously like a startup country,” Balaji wrote on X.

The investor also responded to a social media user who said he was the “biggest cheerleader of India who does not stay in India.” Balaji emphasised that investing was not limited to staying in a specific location and highlighted the importance of being an international investor, seeking the best talent globally. He expressed confidence in finding significant talent in India, aligning with his positive outlook on the country’s investment environment.

In his detailed post, Balaji said one of India’s strengths was the diaspora, emphasising that Indians were willing and able to move anywhere. He contrasted this with Westerners, who were generally less willing to move, and the Chinese, who he mentioned were increasingly restricted from moving to countries where the Chinese state lacked influence.

This perspective underscored the global mobility and adaptability of the Indian diaspora, which was a positive factor for India, Balaji said.