PM Modi is set to speak at Bloomberg Global Business Forum, New York (File Photo)

Prime Minister Narendra Modi spoke about "Restoring Global Stability" at the Bloomberg Global Business Forum. PM Modi spoke about the recent cut in corporate tax and called it "revolutionary for investment."

"Government of India respects wealth creation. We announced a huge cut in corporate tax, its revolutionary for investment. Everyone I have spoken to since then has called it historic," PM Modi said.

Saying that people of India are standing with a government that does not shy away from taking big decisions to make reforms, the Prime Minister added that in the elections, 130 crore Indians not just expressed their sentiment but gave a judgment that they only care about development.

The summit is attended by eminent business and political leaders including Bill Clinton, former International Monetary Fund chief Christine Lagarde and several top CEOs of Fortune 500 companies.

Here are the highlights of PM Modi's speech at the Bloomberg summit: