Friedman, also well known for his book 'The World is Flat, said that he remains "hugely optimistic about India".

India is looking to create as many as 100 million skilled jobs in the manufacturing sector by raising its share of grow domestic product, or GDP, to 25 per cent from 16 per cent, Commerce and Industry Minister Anand Sharma said.

Foreign investors plan to expand presence in India and look forward to easier business climate as well as a sustained pace of reforms following general elections this year, according to a survey.