Indian economy is 'engine of global growth' under PM Modi: Shinzo Abe

02 April 2016

Japanese Prime Minister Shinzo Abe has acknowledged that under Prime Minister Narendra Modi's leadership, the Indian economy is serving as the engine of global growth. And this has been true at least for Japanese companies stuck by a static domestic economy. 

The two leaders who met on the sidelines of the Nuclear Security Summit in Washington, reviewed the decisions taken during Abe's visit to India and expressed satisfaction at the strong pace of implementation.

The Japanese prime minister conveyed that a survey mission will be coming from Japan in May to take forward the Convention Centre project in Varanasi. They also discussed measures to promote further trade and investment.

In line with the Special Strategic and Global Partnership with Japan, discussions were held in a very cordial atmosphere. PM Abe thanked PM Modi for the excellent hospitality during his bilateral visit to India in December 2015. He described his visit to Varanasi as unforgettable, a statement by the ministry of external affairs said.

Prime Minister Modi thanked Abe for Japan`s strong participation in the International Fleet Review.

The two leaders also discussed the continuing threat of terrorism and the need for the international community to eschew selective approaches and they also reviewed global and regional issues. Abe said that he was greatly looking forward to Prime Minister Modi`s bilateral visit to Japan later this year.

Modi, who departed for Riyadh, Saudi Arabia for the final leg of his three-nation tour, said that his Washington visit was full of fruitful meetings and interactions and added that the Nuclear Security Summit 2016 discussed issues of great global importance.

During his two-day visit to Saudi Arabia, the prime minister hopes to revive India`s strategic partnership with the oil-rich nation, particularly in areas of counter-terrorism, energy and trade.

He is also expected to hold bilateral talks with King Salman Bin Abdulaziz Al-Saud on issues, including ways to step up existing counter-terrorism mechanisms.

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