Written byAakanksha Raghuvanshi
During the inaugural address, he said India is aiming at being in the list of top 50 countries in ease of doing business by next year.
The country's ranking has jumped 75 places in the World Bank's ease of doing business rankings, the prime minister said.
"I've asked my team to work harder so that India is in the 'Top 50' list in ease of doing business next year," Modi said, adding his government is focused on removing the barriers which were preventing the country from achieving its potential.
The administration has worked with a focus to reduce government and enhance governance, with the mantra of 'reform, perform, transform and further perform', PM Modi said.
With an average growth rate at 7.3% per year in the last four years, GDP expansion has been the highest since 1991, he said.
The Vibrant Gujarat Summit was conceptualized in 2003 by Modi when he was CM.
Modi had conceptualized the summit to re-establish the state as a preferred investment destination within India.
The event has evolved into a platform for brainstorming on agendas of global socio-economic development, in addition to being a facilitator for knowledge sharing and forging effective partnerships.
In 2017, the event witnessed participation from over 25,000 delegates from 100 countries.
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