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Union Commerce Minister Piyush Goyal on Friday urged corporates to increase investments in India as the country was "at a sweet spot" with massive development of infrastructure driving the economy.

Adressing the Inaugural session of ‘3rd India Debt Capital Market Summit 2023 - Onwards & Upwards’, Goyal said: “Competitive source of financing is attracting investments from those who are looking for greater safety. The stock market is also hitting a 4 trillion mark for the first time and India being is amongst the top five global markets with huge opportunities.”

Massive investments both from the government and private sector in India’s infrastructure projects were empowering the country’s economy and giving it a fillip, he said.

Goyal urged the corporate world to invest in India as the country stands at the cusp of a very bright future as a trusted partner of the world and as a vibrant democracy.

“India is in a sweet spot today where it can be confident that for many years to come, it won't have a crisis of the sort that was seen in 2013,” the Union Minister added.