Korea Summit: Modi woos foreign investors, says India most open economy

At India-Korea Business Summit PM Modi said, his government has worked hard to create a stable business environment by widening areas of trust

Pitching for foreign investments, Prime Minister Narendra Modi on Tuesday said India is one of the most open economies in the world and is ready to do business with the world.

Speaking at the India-Korea Business Summit, he said his government has worked towards creating a stable business environment and removed arbitrariness in decision-making.

"We seek positivity in day-to-day transactions. We are widening areas of trust rather than digging into doubts. This represents a complete change of the government's mindset," he said.

India, he said, is already the third-largest economy in terms of purchasing power. "Very soon, we will become