To invest in a market where latest trends are appreciated, come to India: Modi

Speaking at the Bloomberg Global Business Forum, Modi said: "If you want to invest in a market where there is scale, come to India. If you want to invest in a market where the latest trends and features are appreciated, come to India."

PM Modi presented a report card to US investors about the country's progress under his leadership.

He also mentioned that investment in start-ups is also very much prospective in India.

"If you want to invest in one of the world’s largest infrastructure ecosystem, come to India," said PM Modi.

The Indian PM assured the prospective businessmen that his country is rapidly modernising.

"We are rapidly modernising our cities, and equipping them with the latest technology and citizen-friendly infrastructure. Thus if you want to invest in urbanisation, come to India," said he.

Referring to some of his government's latest decision, Modi said: "We have opened our defence sector like never before. If you want to Make in India, for India and for the world, come to India."

This comes as the Indian government on Friday announced corporate tax rate cuts to 22 per cent for domestic companies and 15 per cent for newly-formed domestic manufacturing companies among other fiscal measures to boost the investments in the country.

Modi said the talent of US businessmen can change the world.

"Your desires and our dreams match perfectly; your technology and our talent can change the world; your scale and our skills can speed up global economic growth," said he.

"Your prudent method and our pragmatic mind can write new stories in management; your rational ways and our human values can show the path which the world is looking for.  And if there is any gap anywhere; I will personally act as a bridge," the PM promised.

Modi is currently on a week-long US tour.

During this tour, he has met US President Donald Trump several times.