The World Economic Forum (WEF) was perhaps the biggest platform for Prime Minister Narendra Modi to pitch India as a global investment destination and tell the world what India is? Modi through his strong and inclusive speech at the opening ceremony of WEF 2018, made it clear that he not only want the world to know more about India’s growth story but also he dreams to make the nation a ‘future super-power’.
First Words
India is mulling to achieve $5 trillion dollar economy by 2025, this was stated by Prime Minister Narendra Modi during the plenary session of the World Economic Forum 2018 in Davos.
“Almost all areas of Indian economy have been opened to foreign direct investment,” said Modi.
It is to be mentioned here that Modi is the first Indian Prime Minister in last two decades to join the World Economic Forum. The last visit in Davos was made by former Prime Minister HD Deve Gowda in 1997.
Modi also pointed that over 1400 archaic laws that were an obstacle in doing business have been abolished in the last three years.
“India is removing the red tape and laying out the red carpet,” he stated.
Modi further outlined climate change, terrorism and globalisation as three major global threats.
Climate Change
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