Terming the signals from stock markets as positive, Prime Minister Manmohan Singh on Monday said "India story looks so good" and promised to carry forward reforms to make the economy more efficient.
"Be it FDI flows, investments in our stock markets or investments in knowledge economy, the signals are all positive. We will work to keep these positive," Singh said inaugurating the Fortune Global Forum in New Delhi.
The comment coincides with stock markets benchmark Sensex crossing the 20,000-mark during the day for the first time.
Expressing satisfaction over economic growth, Singh complimented "the economic management team consisting of Finance Minister and Deputy Chairman of Planning Commission for managing the economy so efficiently."
"I know very well that investment is an act of faith. It is shaped by perceptions, by expectations and by all uncertainties of life. I invite you to have faith in India. I assure you that your faith will not be misplaced," he told global investors and bankers.
"All those who invest in India, who invest in its future, who invest in India's prosperity and who invest in the capability of the Indian people will be investing in the future of democracy," the PM said asserting that no policy reform has ever been reversed despite different political parties holding the office over the last two decades.
"The beauty of Indian democracy is its vitality, its ability to periodically rejuvenate itself and its ability to reform itself," he said.
Referring to unleashing of Indian enterprise in the past decade, Singh said "our growth process is based on widening and deepening of our domestic market."
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