State should be policy-driven: Modi

Says consistency is another very important aspect that will bring more investments in the country

Indian Prime Minister Narendra Modi Monday said the state should be driven by policies which should be consistent so as to draw more investments.

"State should be policy-driven. That will help investment. Consistency is another very important aspect that will bring more investments in the country. These things will address many problems," he said at the US-India Business Summit here.

Modi, who is addressing the summit along with US President Barack Obama, said heavy investments in infrastructure and agriculture will improve economy.

The US-India Business Council (USIBC) along with India's department of industrial policy and promotion (DIPP), the Confederation of Indian Industry (CII) and the Federation of Indian Chambers of Commerce and Industry (FICCI) played a key role in organising this meeting.