Pitching for foreign investments, Prime Minister Narendra Modi on Tuesday said India is one of the most open global economies and is ready to do business with the world. Speaking at the India-Korea Business Summit, he said his government has worked towards creating a stable business environment and removed arbitrariness in decision-making. “If you see around the globe, there are very few countries where you have three important factors of economy together. To the Korean businessmen, he said India is now ready for business and promised to do whatever is required to “promote and protect” their investment. ‘Bilateral trade between India and South Korea reached $20 billion in 2017’The prime minister added that bilateral trade between India and South Korea in 2017 reached $20 billion, the first time in six years.

Source: Hindustan Times February 27, 2018 06:21 UTC