Speaking at the India Singapore Economic Convention here, PM Modi said, “In the last 18 months, the run-ways for the take-off of the economy have been made. Reforms are happening in a big way.

“They are now reaching to the last mile. Reform is to transform the system so that they perform. They aim at helping people realise their dreams. It means more charm on the faces and less forms in the offices. Efforts to deepen financial markets have been made," PM Modi said.
The Prime Minister said his government began to liberalise FDI laws soon after coming to power last year and the latest round of FDI reforms have made India the 'most open economy' in the world.
"We are hopeful to roll out GST regime in 2016. The company law tribunal is being set up. FDI inflows have gone up by 40 percent compared with previous year's comparative period. Perceptions are turning into positive outcomes. FDI commitments are translating into reality," he noted.
PM Modi also outlined 14 decisive steps taken to address regulatory and taxation concerns and said that India offers tremendous opportunities for investments, ranging from affordable housing to smart cities, railways to renewable energy.

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