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Prime Minister Narendra Modi delivered the keynote speech at the World Economic Forum, 2018 at Davos, Switzerland. At the Forum, speaking of India’s incredible growth story, he mentioned issues that have affected India and also the growth that business, economy and technology have attained here.

Mr. Modi also suggested the business community to do business with India while speaking to global CEOs in the Forum.

Some of the major issues addressed by Prime Minister Narendra Modi in his keynote speech are:-

Prime Minister Narendra Modi on India’s future

India will be the world’s fastest-growing major economy in 2018, according to the International Monetary Fund’s latest World Economic Outlook update.

India’s GDP has been growing at around 7% per year since Prime Minister Narendra Modi’s Government and next year India’s economy will be one-third bigger than when he came to power. He also addressed major economic and social challenges such as income inequality, gender disparity and extreme levels of pollution.

Terrorism

Talking about terrorism, which is the next biggest problem in the world, Mr. Modi referred terrorism to be the second biggest challenge. All the Governments are aware of India’s concerns and the serious threats posed to the mankind. A greater danger is the artificial distinction created between good terrorism and bad terrorism. Another danger is that educated youth are being radicalized and getting involved in terrorism.

Technology

Addressing on technology and data in today’s world, Mr. Modi said that the Technology-driven world is changing lives.  Technology has impacted every aspect of our lives.

Technology is creating the greatest opportunities, but also huge challenges. He also addressed the problems faced by a technology-driven world, saying that “cyber security and nuclear security” are challenges faced by the world.

Democracy

Prime Minister Narendra Modi said that Indians are proud of their democracy and diversity. For a society with diverse religions, cultures, languages, attires and cuisines, democracy is not just a political system but a way of living. In India democracy, demography and dynamism are giving shape to development and destiny.

Growth in India

Narendra Modi’s Government implemented a one nation, one tax regime in the form of Goods and Services Tax for the first time in India and the business community from all over the world appreciated it.

FDI in India

Mr. Modi also talked about how working, travelling and manufacturing in India is way easier now and added that all sectors of India are open for FDI.

India’s GDP

Mr. Narendra Modi also noted that in 1997 when the then current Prime Minister visited Davos, India’s GDP was a little more than USD 400 billion, but now it has increased more than six times.

In conclusion, Prime Minister Narendra Modi impressed the audiences at the World Economic Forum in Davos. His speech was not just motivating and thought-provoking but also highlighted India as the country of the future.

 

Sanchayeeta Das

Legal Associate

The Indian Lawyer

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