Why in the news ?

• While addressing 'Global Investors summit' ,Prime Minister said India’s growth depends on how fast the eight­-State northeast grows.

More on news

• Prime minister stressed on the importance of ‘Act East Policy’ in the Centre’s aim of achieving balanced and fast-paced growth of the north-eastern region.
• He also said  said that the northeast was destined to take the centre stage of the Centre’s Act East Policy, which aims at taking India’s trade and cultural ties with eastern neighbours and the ASEAN bloc to greater heights.
• Connectivity is key to developing the region, the reason why the government has adopted the motto of “transformation by transportation” to change the face of the northeast," PM said.
• The prime minister said due to economic reforms, India is today the most preferred investment destination in the world with the highest FDI in last fiscal at $60 billion, and highlighted the country’s improved credit rating, low inflation rate and opening of various sectors to foreign direct investment.
• The Centre has sanctioned Rs 47,000 crore for 115 new railway lines and 90,000 for rural roads and National Highway projects in the region.

Source

The Hindu, The Mint.