NEW DELHI: Pitching for foreign investments , Prime Minister Narendra Modi today said India is one of the most open economies in the world 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. "Very soon, we will become the world's fifth-largest economy by nominal GDP . We are also the fastest-growing major economy of the world today," he said. "If you see around the globe, there are very few countries where you have three important factors of economy together. In India, we have all the three together," he said.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.

Source: Economic Times February 27, 2018 06:22 UTC