=?utf-8?q?India has to attract investment capital?=

  SMART CITIES                              Modi has launched an ambitious plan to build up to 100 such futuristic cities to cater for a population that has reached 1.3 billion and is expected to exceed China's by 2022, according to the United Nations.    New economic figures out on Wednesday showed that India's $2.1 trillion economy grew by 7.1 percent in the quarter through June.    That was the fastest of any of the world's largest economies but down from 7.9 percent in the prior quarter. India's economy is growing faster than China's but is just a fifth as large today.    Modi, who needs growth to top 8 percent to create jobs for the million young people who join the workforce each month, has invited foreign investors to "Make in India" and emulate China's industrial miracle, but for now private investment remains weak.    To boost economic opportunity for all, India has to attract investment capital, Kerry said.    "You have to have a market defined by fairness, transparency and a level playing field," he said.    "You have to have sensible regulations and your bureaucracy needs to be streamlined and effective."    India announced on Wednesday a plan to allow foreign investors to settle, emulating policies in countries such as the United States and Singapore to woo investment from abroad.    Despite the inclement weather in New Delhi, Kerry decided to extend his stay for a couple of days after the official part of his visit.    State Department deputy spokesman Mark Toner said Kerry would then fly on to the Group of 20 summit in China on 4 and 5 September. The G20 gathering will be the last to be attended by Barack Obama as U.S. president.        If you want to receive  recent updates from us, Please reply to this mail as Sub.    If you don't want to receive any updates from us, Please reply to this mail as Unsub..