World is considering India as a preferred place for investment says Prime Minister

India is the fastest growing major economy in the world today and be it manufacturing or service sector, the world is considering India as a preferred place for investment, Prime Minister, Narendra Modi stated in his address at the latest Kautilya Economic Conclave in New Delhi. Organized by The Institute of Economic Growth in partnership with the Ministry of Finance. He added that currently India is the fifth largest economy in terms of GDP. Shri Modi highlighted that today, India is number one in terms of global FinTech adoption rate as well as in terms of smartphone data consumption. He said India is number two in the world in terms of internet users while nearly half of the world's real-time digital transactions are happening in India.