India World’s Most Open, Investment Friendly Economy: PM Modi

India is the world's most "open and investment friendly" economy, Prime Minister Narendra Modi said today as he wooed the BRICS business leaders, urging them to invest in the country and take advantage of its "limitless" possibilities and "countless" opportunities.

Addressing the closing ceremony of the BRICS Business Forum, PM Modi said the grouping of five countries had led to economic development despite the global economic slowdown.

"India is the most open and investment friendly economy in the world due to political stability, predictable policy and business friendly reforms. By 2024, we want to make India a five trillion dollar economy. The infrastructure alone requires USD 1.5 trillion investment," he said.