India fastest growing major economy of the world: PM Modi at the India-Korea Business Summit

At the India-Korea Business Summit in New Delhi, Prime Minister Narendra Modi said that India is one of the most open global economies and is ready to do business with the world. The agenda of the summit is to have a pro-active dialogue between business leaders and government officials of India and Korea. The Prime Minister also said that India is already the third largest economy in terms of purchasing power and very soon will become the world's fifth largest economy by nominal GDP. He also admired the “spirit of entrepreneurship of South Koreans”.