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India in league of countries that shape global financial trends: PM at GIFT

Indo Asian News Service by Indo Asian News Service
30/07/2022
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1 min read
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Gandhinagar: Prime Minister Narendra Modi on Friday said India is now in company of countries like the USA, UK and Singapore where new trends in the global financial sector are shaped.

He said India is one of the world’s leading economies and should build institutions that can cater to its present and future roles.

Modi was speaking at a function at the Gujarat International Finance Tech (GIFT) City near Gandhinagar after the laying foundation stone for the International Financial Services Centres Authority (IFSCA) and inaugurating the India International Bullion Exchange (IIBC) and NSC (National Stock Exchange) IFSC (International Financial Service Centre) and SGX (Singapore Exchange Ltd) Connect platform.

Today, India is standing in line with countries like the USA, UK and Singapore where new trends in the global financial sector are shaped. I congratulate people of the country for this achievement,” Modi said. India is one of the world’s leading economies and will grow even bigger going forward; we should build institutions that can cater to our present and future roles, the Prime Minister said. Modi said India accounts for 40 per cent of real time digital payments in the world.

Through the GIFT City, India is laying strong claim for its place in the international financial services sector, he said. (Agencies)

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Indo Asian News Service

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  • Need to change our mindset

    Roscoe Pound’s Theory of Social Engineering

    964 shares
    Share 386 Tweet 241
  • Laboratory bearers working in School Education department demand promotion

    784 shares
    Share 314 Tweet 196
  • J&K Govt unveils draft schedule of rates-2022

    533 shares
    Share 213 Tweet 133
  • Tumbaknari: The sound of Kashmir

    524 shares
    Share 210 Tweet 131
  • Environmental pollution affecting human life

    564 shares
    Share 226 Tweet 141
  • Budgam youth draws praise for setting up library-cum-reading room

    494 shares
    Share 198 Tweet 124
  • Biden says “no” to sending fighter jets to Ukraine

    494 shares
    Share 198 Tweet 124
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