Wooing Japanese businessmen, Narendra Modi cited the 5.7 per cent economic growth accomplished in the first quarter of this financial year. "It is a big jump. Now there is renewed hope," he said.

Declaring that he is committed to bringing Japanese-style efficiency to his office and the government, the PM said, "Being a Gujarati, commerce is in my blood. Businesses do not need concessions. They only need the environment to grow."