Modi urges Spanish firms to invest in India
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Indian Prime Minister Narendra Modi on Wednesday urged Spanish firms to invest in India, saying the fast-growing country offered “many opportunities” in areas ranging from tourism to energy.
“India is an enormous country and it offers many opportunities to Spanish firms in all sectors,” he said in Hindi as he arrived at Spanish Prime Minister Mariano Rajoy's official residence in Madrid for talks.
“I invite Spanish firms to participate in our development,” he added.
Modi, who arrived in Spain late on Tuesday from Germany, his first stop on a four-nation Europe tour, was scheduled to meet with King Felipe VI later on Wednesday.
He was also to meet Spanish business leaders as part of his push to drum up more foreign investment in India, the world's fastest-growing major economy.
“Spanish firms are global leaders in sectors that are a priority for us. We want to attract tourism, infrastructure, energy and defence firms,” Modi said in an interview published in Spanish business daily Expansion.
Spain is India's seventh largest trading partner in the European Union.
Two-way trade totalled 4.72 billion euros ($5.27 billion) in 2016, an 8.5 percent increase over the previous year, of which Spanish exports made up nearly 1.26 billion euros.
The number of Spanish firms that operate in India has risen to over 230 currently from just 70 in 2008. “Our bilateral relations are becoming more and more intense. I hope this visit spurs deeper ties between our two countries,” Rajoy said.
It is the first visit by an Indian prime minister to Spain since Narashima Rao come to the country in 1992. Modi's tour also leads him to France and Russia -- but not to former colonial power Britain.
Britain, which is set to leave the EU by 2019, wants to boost trade with India, which is meanwhile also trying to revive stalled, decade-old trade talks with the EU.
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On DawnNews
Comments (177) Closed
May 31, 2017 03:11pm
One thing you must appreciate about this man....either he visits other countries or invite head of the State to his country and talks only about business ....!! Country First !
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May 31, 2017 03:15pm
what a visionary leader he is.
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May 31, 2017 03:18pm
Relentless efforts by Modi have actually started reaping benefits. Source: latest World Bank report.
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May 31, 2017 03:18pm
MAKE IN INDIA POLICY- WELL DONE
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May 31, 2017 03:21pm
For Modi, India means business. Everything else can wait.
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May 31, 2017 03:24pm
@HD .Yeah he is very obsessive to find friends and trade partners in far away lands,and forgetting the immediate neighbors for more free trade,better relations,viz Sri Lanka,Nepal, and Pakistan. Still a true portrait as secular India is blurred, and that's need to be addressed before next election, the Dalits,and the Muslims,have great reservations about cosmetic secularism they felt.
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May 31, 2017 03:28pm
@ HD @ SUNIL
Same thing he said in Germany... now Spain. Next France Now here too he will talk about Afganistan to show his love for other countries ....( except Pakistan )
On 70 years of friendship he has written a article published in Russian Newspaper and Putin has reciprocated by his Article in Indian Newspaper !!! Praising each other ....!! A childish behaviour and a joke !
Friend of all is friend of none ....he is shrewd businessman not a visionary leader !!
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May 31, 2017 03:28pm
More trade matters a lot on today geo political situation.. Other key items are cyber security, tourism promotion.
India and China are coexisting peacefully due to 100bm trade. It keeps emotions away
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May 31, 2017 03:29pm
Investing in India and fulfilling its dream of make in India will only kill the economies that invest. Britain is a prime example - first the Industrial sector goes to India (no more steel or any other industry exists), then parts of the service industry (telecommunications) now they all operate from India....Its become a nightmare for the average teenage to get a job now. This is what it means to invest in INDIA. Please feel free to invest if you want to kill of your own economy. Hard facts hurt - peace out.
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May 31, 2017 03:30pm
What a silly joke?
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May 31, 2017 03:32pm
@(3H) what people outside India perceives may be different as each see in their own prism. but if elections are held today, Modi wins with majority. Meaning he is working.
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May 31, 2017 03:37pm
@Dr. Salaria, Aamir Ahmad
What joke.... Asking for investments is a joke for you??
"Banned outfits operate openly on FB" is the biggest joke in your country... Worry about that first before thinking investments are jokes.. loser
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May 31, 2017 03:41pm
@(3H)
It may not be difficult to store up in the mind a vast quantity of facts but the ability to form judgments and express them in impartial manner and convincing terms requires experience and maturity.
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May 31, 2017 03:44pm
WE LOVE AND RESPECT YOU MODI JI !!
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May 31, 2017 03:44pm
@Dr Siddique
That's why Pakistani paying 12 Lac of Suzuki car which is available in India only 4.5 L
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May 31, 2017 03:45pm
@Dr Siddique: How will you recognize a visionary leader when you've seen none in your country. Modi is doing a great job for India. Period.
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May 31, 2017 03:45pm
@Dr Siddique. Some of what you say makes sense however a large part seems preconcieved biased. He has built good relations whereever he's gone, Obama referred him as a personal friend, your traditional allies..UAE, Saudis conferred highest civilian honour.. list goes on. If you take off your blurred goggles and see reality is different to what you believe or want to. Proof is in the Pudding! Anyway, Ramadan mubarak to all friends.
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May 31, 2017 03:46pm
@stone henge he has made a joke himself by giving such a comment
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May 31, 2017 03:46pm
@Dr Siddique u are being childish if u think nations operate on friendships. Nations cooperate when their interests converge.
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May 31, 2017 03:48pm
@marcus what about the jobs Tatas retained in Britain at JLR and Tata Steel? There is no point in cribbing about jobs going to other countries. The focus need to be more on how education should be improved in Britain and solve the problem by retaining jobs at home. Don't expect that the NHS and other things are there to rake care of citizens so nothing to worry about future and rely on future.
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May 31, 2017 03:49pm
Spain is one of the poorest countries in the Europe. Being in the strategic port location, Spain can benefit with helping Make in India campaign and get benefited. Also many Indians started using Olive oils, and Spain producing a lot, we can import for cheapest price compare to other countries. Good that Modi is visiting countries, which was not covered by previous PMs.
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May 31, 2017 03:50pm
This man will develop India in short time
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May 31, 2017 03:50pm
@Dr Siddique keep cribbing. India has always kept itself at a distance from getting involved in the matters of other countries' internal affairs. And india had always balanced relationships even with China where they had fought a war and lost.
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May 31, 2017 03:51pm
Best salesman India has got in a decade...
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May 31, 2017 03:52pm
Spanish companies have offered high speed trains in india and infact it has tested it's high speed train on mumbai delhi corridor and it was 4 hours quicker than rajdhani express and by the way rajdhani express covers distance of approximately 1400 kms in 16 hours
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May 31, 2017 03:52pm
@marcus you rly need to learn and study a lot... still giving you some examples of his efforts are: FB office in Hyderabad & now the Iphones manufacturing is also started in Bangalore. What else you want? And now, it's better you also read and learn about your beloved country !
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May 31, 2017 03:54pm
@ Stone Henge @ Zakir hussain
My remark is in relation to the Article published in respective countries written by Modi and Putin praising each other ....refer your Times of India
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May 31, 2017 03:55pm
@Dr. Salaria, Aamir Ahmad, What a silly joke?
Modi is talking business here, and his aim is to keep India in the path of rapid progress and development. So, this comment of yours is a silly joke!
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May 31, 2017 03:57pm
A common man always wishes and needs a big house, with car, in a good colony, a high package permanent job, good school colleges for his children, good roads and light, and the last a safe and happy environment for his family. Now what is the matter if that man is Hindu or Muslim, both need the same. This is the thing Modi sir understands and this is the thing other leaders should understand.
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May 31, 2017 04:02pm
A very shrewd strategy of trying to fill the void (though partly only) created by Britain's exit from Euro. At a time when euro nations and especially Germany are facing pressure for more contribution to NATO alliance from USA; Modi's visit to Euro nations and signing agreements with Germany, Spain; follow up visit to USSR is an extremely visionary strategy that will go a long way in ushering future growth for India.
The Indian PM is working truly to build India of future. To his opponents who claim there is no focus on immediate neighbouring countries are arguing for the sake of argument as they do not seem to have done the homework of studying Look east policy of India. I request them to study the growth in trade in last 3 years between India and Bangladesh; India-Nepal; India- Srilanka; India- Bhutan & even India- Afghanistan. As regards Myanmar; the issue is its currency with difference between open market rate & official exchange rate overvalued 200 times by its military rulers.
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May 31, 2017 04:07pm
@Dr Siddique if possible learn .. a country or its economy runs on business !! good will alone takes you nowhere
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May 31, 2017 04:13pm
@Dr Siddique However I have not read that article but when the leaders of two big and important countries respect each other and praise, it is not a matter of joke.
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May 31, 2017 04:14pm
@Dr Siddique However I have not read that article but when the leaders of two big and important countries respect each other and praise, it is not a matter of joke.
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May 31, 2017 04:14pm
@stone henge Best reply ever..
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May 31, 2017 04:17pm
@Dr Siddique read again..It was reply given Dr salaria
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May 31, 2017 04:18pm
@marcus don't feel jealous bro, everyone wants to do good for their county and he is doing the same thing.
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May 31, 2017 04:23pm
@Dr Siddique .." A childish behaviour and a joke ! " ... dont understand at first place why did it taste so BAD to you ?? may be sour grapes...
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May 31, 2017 04:23pm
As per this article 230 Spanish firms are operating India, creating jobs and business. How many in Pakistan?
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May 31, 2017 04:26pm
@marcus , Why is it that China is investing in other countries ?? To kill its domestic industry ???
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May 31, 2017 04:29pm
@Dr Siddique your response says more about you than Modi!
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May 31, 2017 04:31pm
India's Foreign direct investment inflows hit an all-time high of $60.1 billion in 2016-17, as the Modi government eased rules to lure global conglomerates to set up shop in sectors such as defence and railways.
In the last three years, the government has eased 87 FDI rules across 21 sectors to accelerate economic growth and boost jobs.
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May 31, 2017 04:32pm
@Dr Siddique: Have read President Putin's column in Times of India today. These are part of protocols when powerful state heads visit each other's country. Even Al Nahyan of UAE had written an article when he was the Chief Guest on Republic Day. Looking forward to Nawaz Sharif's article in China's Global Times.
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May 31, 2017 04:32pm
Modi is Vikramaditya of New India. .
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May 31, 2017 04:33pm
@(3H) we have good trade relations with nepal as well as Srilanka,he has gone to Europe more investment in make in India campaign.Now trade with all neighbour of South Asia is working fine except 1 who have their choice and we have our choice.
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May 31, 2017 04:33pm
@marcus ,bhai ,britain looted us for 15 decades and more ...its fair to steal their steel business in return .).
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May 31, 2017 04:35pm
@Dr. Salaria, Aamir Ahmad idiotic Comment .....
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May 31, 2017 04:36pm
@Dr Siddique Why are you jealous. That is true diplomacy. Nations are friendly to everyone. And we are not opposed to Pakistan, Pakistan is opposed to us.
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May 31, 2017 04:36pm
@Dr Siddique yr problem is that you are seeing him with a particular angle and naturally you wont like him,If his tours brings business (fdi figures show it) it will generate wealth and employment for Indians.
For sure i want my PM to be shrewd to run our country.
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May 31, 2017 04:37pm
@marcus British people are not selling Gold, not steel. They dictate how another country worth in trading in their stock market to investor. They not longer have to produce anything, except some Agricultural products, rest are affordable to import, because salary per hour for British affordable to import their goods. Which is good for their environment and and for the future generations.
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May 31, 2017 04:37pm
@marcus so should China apply same logic?
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May 31, 2017 04:39pm
@Dr. Salaria, Aamir Ahmad aree Dr sahab no mover and shaker?I hope you are keeping well.
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May 31, 2017 04:46pm
India First for Modi
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May 31, 2017 04:55pm
@Dr Siddique Modi do not need your certification. He already proved him self as the one who can motivate people and bring positive change in India. The progress Gujarath made during his chief minister ship was example. Just one call to forego gas cylinders by people who could afford , made 15 million people to forego gas subsidy savings 100s of crores and thus helping the poor with free cylinders.
Just with one call , he created Jandhan yojana where bank accounts are opened to 250 million people in 6 months.
Do you think, still you need any proof of Modi's leadership qualities?
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May 31, 2017 04:55pm
Modi a Super Hero
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May 31, 2017 05:02pm
@HD despite all his talking, indian economic situation has worsened in reality. National debt has reached nearly $500 bn, annual trade deficit is touching $200 billion, unemployment is going up, communal violence has increased, caste system is back with a violence, trouble with all neighbours has increased, IOK is burning with strife. Modi is a real disaster for his country.
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May 31, 2017 05:03pm
Europe is ditching USA and wants to go with India and China. Modi has developed India so fast and has made the second most important nation in the world now.
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May 31, 2017 05:09pm
@Dr Siddique petty on ur understanding of diplomacy
His businessman but not a visionary leader ? Lol
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May 31, 2017 05:11pm
Germany and Spain covered so far by PM Modi, now France and Russia will be visited next. When the global situation is in a flux with America looking inwards, every country is looking for new friends and allies. PM Modi is an astute politician who sees and then seizes the openings that come his way. His pitch to come and partake in India's growth is very alluring to a world lacking growth and opportunities. Definitely a visionary leader who can win friends and influence people.
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May 31, 2017 05:15pm
@Dr Siddique
Regarding that you think it's childish ?
This is called conveying your feelings about Russia to the Russian people
People to people contact , get it ?
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May 31, 2017 05:17pm
@stone henge HOw many times your PM has gone abroad on business visits (other than London of course) and how many times foreign PMs have visited you. Ponder
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May 31, 2017 05:18pm
@Zak OK. But we will surely vote for him in 2019 and him PM again. We are ready for more "disasters".
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May 31, 2017 05:18pm
@Zak Fastest growing economy India a disaster you must be kidding my Friend .
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May 31, 2017 05:25pm
last year India got 43 billion dollars direct investment lets see this year can it increase
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May 31, 2017 05:25pm
last year India got 43 billion dollars direct investment lets see this year can it increase
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May 31, 2017 05:43pm
@Zak - You are the most NEGATIVE person.
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May 31, 2017 05:44pm
The Spanish inquisition makes Narenrdra Modi feel very much like "home far away from home" in Spain.
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May 31, 2017 05:48pm
Good job PM sir, Ur inspiration for al of us, ur work so hard.
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May 31, 2017 05:51pm
@Zak Thanks for ur information on us, We r going to vote him again 2019, is ur country ready to face him
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May 31, 2017 05:51pm
@ZAK Love ur comments bro. Just put some random numbers, add something like trade deficit and debt and you have a story to tell. Not all of us live in Narnia mate.
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May 31, 2017 05:52pm
Spain has already chose Bangladesh as the next destination for investment. Spain investments in South Asia 2016: Pakistan (USD 1B), India (USD 1.8 B), Bangladesh (USD 17B). Planned 2017 investments will create 1..21 million jobs in BD and most the growth rate beyond 15%.
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May 31, 2017 06:08pm
@Dr Siddique : Are you serious ? Do you still not know why there is no dialogue between the two countries?
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May 31, 2017 06:10pm
@Zak Karachi stocks crash eight hundered sixty two points what a booming economy i think it is the result of peaceful Pakistan .
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May 31, 2017 06:11pm
@marcus I don't know wat z ur education, but surely u have understood everything in Opp direction. U need to get educated.
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May 31, 2017 06:18pm
@Zak The knowledge with which you comment is a disaster. You are green with jealousy :)
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May 31, 2017 06:21pm
@(3H) Lets say you are right but would you really like Rahul Gandhi as next PM. Please spare us with your suggestions :)
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May 31, 2017 06:32pm
@Dr Siddique : he is shrewd businessman not a visionary leader ..
any day better than looters. Thanks PM Modi.. Good job..
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May 31, 2017 06:33pm
Our own PM have been all over the world yet failed to attract foreign investments.
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May 31, 2017 06:35pm
@ZAK
May be there is substance in it . But all this is incomprehensible and ……..Incomprehensible is nothing better than banal.
In fact it is it's flip side.
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May 31, 2017 06:40pm
@(3H) Thank you for your concerns. For your information, there is saying give respect take respect. India respects Srilanka, Bangladesh and have made significant progress in bilateral relations in the last few years. Same with Afghanistan and Iran. Though there are little skimmerishes those are bound to happen. If there are countries which wants to trade with India, then better respect the country. No use in giving free advices.
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May 31, 2017 06:48pm
@Zak Lies won't sell for a long time. Do you have any empirical data on all these?
Are you an expert in the field. Where are you getting all these from.Stop making a fool of yourself.
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May 31, 2017 06:51pm
"the world's fastest-growing major economy" says it all about rising India.
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May 31, 2017 06:53pm
@Ashwin Nice one! That is how lies and irrational people are to be dealt with.
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May 31, 2017 06:58pm
Under Modi, India has become the most sought after nation for foreign direct investment surpassing China. Modi's visit to various countries resulted in signing treaties amounting to 3 trillion dollars of foreign direct investment for his 'Make in India' drive. GDP during the last three years under BJP rule also rose from 5.2% to 6.5 % and now aimed at 7.1 % during 2017.
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May 31, 2017 06:59pm
@Real_M.EMAD You are right.
Ever since Bangladesh tightened screws on fundamentalists and started focusing instead on education, local industry trade and poverty alleviation , they have become the darling of foreign investors including EU nations, China and India.
I hope other nations of South Asia take notice and emulate them.
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May 31, 2017 07:09pm
All these countries at one time would not even say hello to this man. Today he is VIP guest in these countries. How times change!
Wherever he goes he wants them to invest in India. No foreign jaunts or baubles for this man. Great South Asian leader.
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May 31, 2017 07:12pm
@Dr Siddique A shrewd businessman but always with India in his heart. Whether he is a visionary only time can tell. Can we say the same thing about OUR leaders?
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May 31, 2017 07:14pm
In today's world its the economy which defines a nation & its place in the world order. Thankfully, Indian leaders starting with PV Narsimha realized this fact & Modi is on the same track.
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May 31, 2017 07:18pm
@Zak ZAK the problem with you is you know the truth. But cannot seem to accept it. You know these figures have no meaning, debt size, trade deficit are all relative. It is like saying that a guy (India) who earns a million dollars has to pay an instalment of 20,000 per month. And another (Pakistan) who earns hundred thousand has to pay an instalment of 15,000 dollars. Who is richer? or maybe you won't be able to answer with your coloured glasses on. Let me tell you - It's the first guy.
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May 31, 2017 07:22pm
@Zak right sir ! the TOI HAS NEWS JUST NOW THAT INDIA ECONOMY IS 6 % AND no more fastest !!
bhakts soon to realise !i repeat ...india is no longer the FASTEST growing economy ! its china again !!
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May 31, 2017 07:26pm
@Zak - India's Debt to GDP ratio is less than Pakistan's and as per many Pakistani economists, Pakistan's Debt will balloon to unmanageable proportions in the near future. Also, India has more than $400 billion in foreign reserves to pay off its foreign debt whereas Pakistan's foreign reserves are only around $14 billion & steadily declining which means Pakistan has only a couple of months worth of savings to pay its bills.
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May 31, 2017 07:32pm
@Zak yeah we know leaders like Modi are not appreciated in Pakistan by its people. They don't like leaders who amass such a debt as you say (your figures though). And build up such a huge trade deficit. Useless. Pakistanis like Sharief and Zardari who work so relentlessly for their beloved country Pakistan. They even go the lengths of wearing Harrods and Seville Row suits to enhance the impression of their country. Who care for the people so much that they don't even block any hospital space and themselves go abroad to get treated. they don't block any school or college seats for their children but send them abroad to study. Such sacrificing leaders. Pakistan is lucky ZAK. We are so jealous.
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May 31, 2017 07:37pm
@(3H) Srilanka and Nepal and Bangladesh he is already visited last 2/3 months and made huge investment.
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May 31, 2017 07:38pm
Please somebody tell Nawaz to do something ..
Only one nation China policy is not good for us .
we should have other friends also ..
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May 31, 2017 07:40pm
@Dr Siddique Reciprocal. Fist Mr. Putin wrote article then only Modi. 70 years of mutual friendship and what is the wrong with it. We are friends and we will be friends in future also.
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May 31, 2017 07:41pm
Hopefully Talgo trains will be on track soon. Rajdhani trains are good but operating cost os high will less speed...
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May 31, 2017 07:42pm
@Khwarizmi Our PM doesn't visit foreign countries seeking investments - he goes there for medical treatment, conferences, speech making or speech listening, or investing overseas.
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May 31, 2017 07:47pm
@Zakir hussain ; asking countries invest in his own is a joke for you ?
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May 31, 2017 07:49pm
Modi always talks about business; he wants to create jobs for India's youth. Improve the quality of life in India.
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May 31, 2017 07:49pm
@Dr Siddique ; whats wrong in writing article praising each other. We are the oldest allies.
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May 31, 2017 07:58pm
@stone henge our banned outfits are on FB, yours are sitting in parliament.
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May 31, 2017 08:03pm
@marcus you are right
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May 31, 2017 08:06pm
@hamza khan Maybe in Alternate reality.
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May 31, 2017 08:07pm
Even though he is trying hard to get business, it is nothing but decent begging. 100 percent FDI on defence sector is extremely lethal for any country. Days back newly built submarine design leaked in France without full FDI in defence. Inorder to develop, we have to update the corrupted system. Most of the politicians are corrupted in India and don't know about Pakistan. If gov tries to spend 100rs for a person, actual he would get is 10 or even less. In this situation, Foreign investors will manipulate this and loot the most. And moreover it will not be a level playing field. Eg:Amazon vs Flipkart. If we have to develop we should remove the differences we have in our society only then development will be real. Same case in Pakistan where western powers replaced by China. By using the enemity between us, they sell weapons worth billions of dollars if not we would have invested this education. Unless we mature by mind our countries will be like this and exploited by others.
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May 31, 2017 08:17pm
@Dr Siddique He is business minded not business man. He has no business to run, like many other leaders in India or Pakistan.
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May 31, 2017 08:18pm
@(3H) would very itelligent of you if you would take the trouble to inform yourself about Modi and his policies that include the neighbouring countries before exhibiting ignorance on a public forum
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May 31, 2017 08:19pm
@HD time will tell. Every country is going for economic depression including China & India.
Some extremely high level source of development is the need of the hour.Research & development should be top priority.
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May 31, 2017 08:29pm
India needs to understand to stop bully attitude towards neighboring nations and oppression of innocent people. World's most over populated country and the burden continues from further strangulating her people. Self destruction mode at best. India!
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May 31, 2017 08:30pm
@Ekansh How ? Explain. Our growth for 2016-17 is 7 %, 2017 to 2018 is 7.5 % and 2018 to 2018 will be 7.9 %. Where depression or recession in India.
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May 31, 2017 08:31pm
@makkeshwar adinath shivalingam If You are looking at data on a monthly basis and then find that there are some slippages, then you will never come at a correct conclusion of the status of the economy as domestic and global developments have an impact on the economic growth.If you don't understand a subject, then keep mum rather than expose your own ignorance. You may derisively call us Indians as bakths but we are proud of our lineage. We are not chameleons!
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May 31, 2017 08:32pm
@vikas Good one.
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May 31, 2017 08:33pm
@Zak ...if it weren't for Modi, it would have been worse.
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May 31, 2017 08:35pm
@hamza khan ...which one? who banned them?
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May 31, 2017 08:43pm
@Zak , This exaggerated stuff is what you want to happen with India.
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May 31, 2017 08:46pm
@makkeshwar adinath shivalingam : Get your facts straight before making a fool of yourself. 6% is for last quarter of 2016 only due to demonetization. India is still ahead of China in GDP growth. Last week it overtook China in FDI. Please do some proper reading or research before rattling off..
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May 31, 2017 08:47pm
@vikas : Simply awesome Vikas.
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May 31, 2017 08:52pm
Spain ia already under huge debts from EU and this man is asking him to invest in india. What a joke!
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May 31, 2017 08:55pm
@(3H) Brother,have you been to India and experienced this all or you are just referring to your media ?
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May 31, 2017 08:56pm
@marcus Investors need returns. Britain offers close to 0% return where as India offers great returns.Why should investors invest in projects with no returns.Hie pitch for investments is to investors not to politicians or teenagers. Hope you get the point? Peace out.
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May 31, 2017 08:58pm
Why spain should invest in a country like india where people get killed for eating beef??
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May 31, 2017 09:14pm
@No To Sati Your comments will never win hearts.
This is the mentality of IndoPak which we needs to stop, you can't dislike your own loving family, shared history and above all children of the same Indus Valley.
IndoPak Blood Brothers 4 Life!
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May 31, 2017 09:19pm
@(3H) There is truth in your words. Though most won't see it yaar. Just trade with IndoPak alone can go into multi billions with good standard leaders. Oh no need for all the extra foreign weaponry either then save even more money for the people :)
It gives me so much happiness to just simply see the mega benefits of us two brothers become friends, I can't imagine how much joy it will bring to all the people of the Indus Valley when it actually materializes.
IndoPak Blood Brothers 4 Life!
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May 31, 2017 09:26pm
@stone henge
I have stopped making any comments in reply to this individual,s comments.Its simply waste of time.
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May 31, 2017 09:26pm
Modi should learn the lessons of business from China.
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May 31, 2017 09:40pm
@Zak
What is the National Debt of China and Pakistan?
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May 31, 2017 09:43pm
@FAS Investment is done by pvt companies, not by the Govt. Pls get educated before u comment n make fool of urself
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May 31, 2017 09:57pm
atleast, he is seeking business not loan which pakistan leaders are asking all over world.
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May 31, 2017 10:04pm
@makkeshwar adinath shivalingam lol it's based on quarter review, not yearly review. Wait for GST that's starting in July. It's going to add 2% more to our GDP with robust integrated economy.
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May 31, 2017 10:11pm
@sans China Foreign debt = 0
Pakistan Debt = $62 Billion (2017)
India Foreign debt= $490 Billion (2016)
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May 31, 2017 10:20pm
@Zak Ignorance is bliss.
Public debt of Pakistan per capita $1,462 , for India $830 , for China $2885 .
Now please tell who is at better position to clear the debt .
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May 31, 2017 10:22pm
@Dr Siddique : That is what a Great Leader is. There are no "Friendships" between countries, it is strategic alignment.
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May 31, 2017 11:20pm
@Dr. Salaria, Aamir Ahmad too little, too late!
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May 31, 2017 11:29pm
@Imtiaz Ali Khan I like your comments bro.Always positivity.No hatred.Keep going.One day we will have peace between our countries.Love from India
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May 31, 2017 11:37pm
@Zak
Have you seen your last budget
20 bln doller is your country's income thru export and 14 billion doller you have to pay only interest.
Best of luck
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May 31, 2017 11:38pm
@(3H) They also have the power to bring in a new leader to head the country.
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May 31, 2017 11:39pm
@(3H) The immediate neighborhood is too busy with China.
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May 31, 2017 11:40pm
@makkeshwar adinath shivalingam 6 % was for the quarter not the year. year GDP is 7.1 % and india is still fastest growing economy and also has beaten china to FDI . maybe this will make you sad as i have no idea where your loyalty lies or which country u r from. i hope its not india
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May 31, 2017 11:46pm
We love Modi..
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May 31, 2017 11:51pm
@Zak despite all his talking, indian economic situation has worsened in reality. National debt has reached nearly $500 bn, annual trade deficit is touching $200 billion, unemployment is going up, communal violence has increased, trouble with all neighbours has increased, IOK is burning with strife.
Not sure if i shld trouble responding but i will make an exception.soo learn.
first lets assume data you provide is correct.by 500 bn $ and CAD at 200 bn $ which you have not overestimated but underestimated . India unlike pakistan is not a 350 bn $ economy but 2.2 trillion dollar. so as per your data the combined debt is less than 50 % of GDP as compared to pakistan's almost 80 % its not much. is it? also with over 350 billion $ reserve we can pay 80 % of our debts which is as much as pakistans economy. rest of your observation are too absurd to even desrve a response.
and yes dear pakistan is not india's all neighbours its just one . with rest we are doing fine.
Live long and prosper.
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Jun 01, 2017 12:04am
@Shahid bhat kashmiri He is a catalyst (morale booster) real power of developing India are her diversified and multicoloured citizens of different faiths but working together for the same goal.
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Jun 01, 2017 12:47am
@marcus You are confusing India with EU. IT was the EU treaties that devastated us by cutting us from the Commonwealth countries like India , Australia, etc. With Brexit UK Minister have been visiting India to revive the Indo-UK trade.
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Jun 01, 2017 12:48am
@hamza khan That's what you say but on the contrary truth is opposite
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Jun 01, 2017 12:51am
@Imtiaz Ali Khan Keep it up hopefully sanity will prevail and people will start listening to what you have been saying.
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Jun 01, 2017 12:53am
@Changez Khan Wait a few years you will be an expert of Chinese business model.
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Jun 01, 2017 12:59am
@Dr Siddique: The articles written by both leaders are addressed to each other's citizens and not for people from other countries. The people of India has a warm feeling for Russians and vice versa. I do not see anything childish here. You feel it that way because you are not one counted to be addressed in this discourse.
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Jun 01, 2017 01:02am
@(3H) He has reached out to immediate neighbours enough. That is despite the trade volumes with neighbours being less than other countries with the exception of China. He's trying to boost further trade with India's larger trading partners.
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Jun 01, 2017 01:25am
@Zak India's external debt is 485.6 billion USD. But India has forex reserves of over 372 billion USD. We had FDI inflows of 60 billion last year and our economy is growing at an average of 7 to 8 percent. Just compare these figures to those of Pakistan.
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Jun 01, 2017 02:27am
Modi is giving out India as fast as he can. India will soon be bankrupt.
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Jun 01, 2017 02:40am
Spain be aware of the Job thieves
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Jun 01, 2017 04:14am
@Dr Siddique Sir, every successful businessman is a visionary. For example Ratan Tata, Dhirubhai Ambani, Bill Gates, Henry Ford ........
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Jun 01, 2017 04:17am
@Dr Siddique -- Certainly not Iron Brothers.
You may have your views. If you don't evince interest and cooperation, then how can you improve business. India does not have Oil wells in the Arabia. One more thing, you would not find his name in Panama like countries. Right!
To me, that was not childish.
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Jun 01, 2017 04:34am
@Indian -- You need a lesson or two in economics + trade, and yet more, not to write when you know just zilch!
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Jun 01, 2017 04:58am
There is an upcoming elections in Britain.
The new British PM can visit or PM Modi
can visit them later.
I am sure that India does not want to buy second
hand obsolete stuff at inflated prices from Britain.
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Jun 01, 2017 04:59am
@FAS : That does not necessarily mean that all Spanish industries are bankrupt and insolvent. The US govt. has a lot of debt too.
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Jun 01, 2017 05:15am
@marcus
No. Bitrish telecom is booming. Still industry is down world over. I don't agree with you. Business is business, ups and downs, no emotions.
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Jun 01, 2017 05:18am
Modi is going all over the world for inviting investment and rejecting China's investment, strange. Business conditions can be negotiated, it should not be mixed with emotions. As a Gujarati, and a trader by birth, he will definitely come out with good business strategies, good thoughts will ultimately prevails.
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Jun 01, 2017 05:59am
All the Indians can see very clearly that Modiji is working relentlessly for India with all his heart and soul. May he have good health and long life.
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Jun 01, 2017 07:03am
Indian govt policies have became transparent & corruption free at the higher levels. I feel corruption at lower level doesn't change much.
Because of transparency in govt policies, india is attracting lot of foreign investments. For example global bidding for solar energy is fine example of this.unit price of solar electricity is bidded for just 2.90 rupees.with india getting cheap &clean electricity indian industry can do well.
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Jun 01, 2017 08:19am
@yousaf China ( excluding HK) has total external debt of $1.4 trillion , not ZERO.
India external debt is $ 456 billion while forex reserve is $ 380 billion ( as per Jan 2017 ) .
Pakistan external debt is $ 75 billion, while forex reserve is $ 21.57 billion only ( as per Jan 2017 ).
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Jun 01, 2017 10:14am
@Ghaznav, "Spain be aware of the Job thieves"
I really hope Spanish President reads your comment before signing any agreement. But don't worry. There aint enough jobs in spain to steal. Instead we are asking them to create thousands of jobs in India. At the moment the World is more concerned over radical fanatics.
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Jun 01, 2017 10:28am
@yousaf China's external debt is $1422 billions which is quite sustainable as it is only 13% of GDP. India's debt burden has declined from $485 to 472 billions which may fall further if India grows at estimated 7.1%. For Pakistan, external debt which stands at $74 billions may be a cause of big worry as exports are declining alarmingly. According to a leading analyst, if Pakistan do not take strong measures to boost its economy it is likely to increase to $110 billions in the next four years. However, this increase does not include China's long term loans to Pakistan on CPEC projects which it will have to deal with separately .
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Jun 01, 2017 02:54pm
Modi in Russia: Prime Minister Modi is scheduled to meet Russian President Vladimir Putin during his visit. He will also be attending 18th India-Russia Annual Summit on Thursday. From Russia, PM Modi will leave for France where he will hold talks with newly-elected Emmanuel Macron, the French president.
From Russia, PM Modi will leave for France which will be the concluding part of his tour where he is expected to meet the newly-elected President Emmanuel Macron in Paris.
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Jun 01, 2017 03:08pm
@Dr Siddique You are correct, he is trying to control everything in India, yet he has not achieved much but looking to his vision, it seems he will be able to achieve something tangible after 2019.
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Jun 01, 2017 03:13pm
@Zak Great, you are really talking facts. We can see everything what you described in your words, still we are finding hope from him.
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Jun 01, 2017 03:14pm
@TechScribe Sorry brother no comparison with Pakistan. You should compare with US & China.
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Jun 01, 2017 04:00pm
@Jsmkumar In last bid it has achieved 2.42 per unit.
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Jun 02, 2017 03:38am
@Zak that is your opinion Indians love him and he is one of the best leaders in Indian history. Economically India is doing well and the world has more respect for India than Pakistan. Kashmir is part of India and Indians will not accept any misbehaviour from neighbours.
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Jun 02, 2017 04:06am
@hamza khan
Any examples?
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Jun 02, 2017 04:39am
@Ahmed No China please. We want mutual co-operation and not one sided business. China want to push their product to other market but they will protect their market and allow only row material to import. China want to business with India but support for pakistan. Never never... Yes Modi is a gujarati and business minded but be is an India first and interest of India will rule him.
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Jun 02, 2017 04:45am
@AHAQ Yes yes... He is giving out to Germany, France, Russia, USA, UK, Spain, Isrel and lot more. Let us bankrupt soon but why should we worry. After CPEC we can get huge loan and our people will migrate to CPEC for jobs and I hope our brother will help us.
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Jun 02, 2017 04:45am
@(3H) "Yeah he is very obsessive to find friends and trade partners in far away lands,and forgetting the immediate neighbors for more free trade,better relations,viz Sri Lanka,Nepal, and Pakistan"
Trade relations with Nepal, Bhutan, Sri Lanka, Bangladesh have significantly improved. India is also working on building a road that links India to Thailand inASEAN through Bangladesh, Bhutan and Nepal. It is called BBIN. IT has gifted a satellite to south Asian countries and is trading electricity with these countries. Pakistan is not interested in trade dialog. Any agreements that the Pakistani civilians agree are vetoed by you know who. This has happened many times. So why waste time?
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Jun 02, 2017 05:03am
@Ahmed "Modi is going all over the world for inviting investment and rejecting China's investment, strange."
Who said he is rejecting Chinese investment. He is rejecting participation in OBOR because a part off it viz. CPEC passes through an area that India disputes. FoxConn which is a Chinese company has invested $5 billion recently to make cellphones in India. Alibaba has invested in PayTM which is a wallet company in India.
China is also welcome to bid for infrastructure projects in India but India will not just handover projects on a no-bid basis. It will project to those who give the best terms.
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Jun 02, 2017 07:23am
@Dr Siddique What a childish statement. Countries are not like people. Becoming friend of everyone is better than becoming friend of 1 or 2. Later is reflection of a problem. e.g. North Korea, Pakistan.
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Jun 02, 2017 09:16am
Great for India and Indian !!
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Jun 02, 2017 09:28am
@(3H) India given MFN status to Pakistan in 1992, but not reciprocated from Pak side. So how can you expect.
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Jun 02, 2017 10:17am
Seems like a local indian news not an international event that we need to report...
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Jun 02, 2017 11:00am
Unless he is getting employment and development for the country and figure says a volume about increase in trade and FIIs from germany, spain, france in last 5 years. Further what media says and what our neighbor says about him is immaterial because voters are being taken to their dream country. He has just cut the flab of unnecessary and unproductive diplomacy with some of the countries giving no results. Now its the matter of time when media or neighbor will start taking him seriously as he has taken country India seriously.
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Jun 02, 2017 12:46pm
He is rocking everywhere and only means business i.e. "Make in India"
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