Modi hardsells India at Davos, highlights global challenges

RSTV Bureau
PM Modi addressing the plenary session at WEF in Davos

PM Modi addressing the plenary session at WEF in Davos

Prime Minister Narendra Modi delivered a keynote address at the plenary session at the World Economic Forum on Tuesday afternoon.

In his address the Prime Minister focused on three big challenges that world faces today – climate change, terrorism and ‘closed economies’.

Extreme weather conditions are rising by the day and the world should come together,” he said.

Terming terrorism as the second threat, the PM said while dangers of terror are well known, even more dangerous is the artificial divide created between good and bad terrorists.

Modi called ‘closed economies’ as the third biggest challenge. The world needs to realise that globalisation is slowly losing its shine. Many nations are moving away from globalisation, he added.

Prime Minister Modi is the first Prime Minister to attend the World Economic Forum (WEF) in over 20 years. Former PM HD Deve Gowda had last attended the summit in 1997.

He will also interact with 120 members of the International Business Council, a group that is part of the WEF and includes top global business leaders.

Modi also noted that the last time when an Indian Prime Minister attended the WEF in 1997, India’s GDP was a little more than USD 400 billion, but now it has increased more than six-times.

Referring to WEF’s theme of ‘Creating a shared future in a fractured world’, he said the Indian philosophy of ‘Vasudhaiva Kutumbakam’-the world is one family has become more relevant in today’s time to address fissures and distances in the world.

Earlier on Monday, the Prime Minister held a round-table meeting with the CEOs of top global companies at Davos. Narrating India’s growth story at the meet, PM Modi told the delegation that India means business and presents exciting opportunities for global businesses. The dinner was hosted by India and was attended by nearly 40 global industry bosses from 18 countries.

PM Modi was accompanied by top government officials including Vijay Gokhale, Jai Shankar and Ramesh Abhishek. Earlier, he also held a bilateral meeting with Swiss President Alain Berset and discussed ways to deepen ties on the sidelines of the World Economic Forum.

“On reaching Davos, held talks with the President of the Swiss Confederation, Mr @alain_berset. We reviewed the scope of our bilateral cooperation and discussed ways to deepen it even further,” Modi said in a tweet.

Thanking Modi, the Swiss President said he would continue to strengthen “relations” with India.

(With inputs from agencies)