Modi chants New India ‘open for business’ mantra at Davos

DAVOS: With occasional references to Sanskrit shlokas, Prime Minister Narendra Modi renewed the global spotlight on a ‘New India’ shaping under his watch in front of the global elite in the Swiss resort of Davos and underlined his commitment to globalisation amid growing walls of protectionism.

In his keynote speech at the plenary session of the World Economic Forum, the Indian leader upheld a ‘New India’s’ unique role in guiding the world through its ancient liberal values and unique democratic experiment. Weaving India’s growth story with its spiritual ethos, Mr Modi welcomed the world to partake in India’s robust growth and the opportunities and solutions that it has to offer.

Assuming the mantle of globalisation, a role Chinese President Xi Jinping claimed to don in his speech at Davos amid US’ insular turn under the Trump presidency, Mr Modi said that while protectionism and trade barriers were rising, India was marching confidently towards a $5 trillion economy by 2025.

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Modi to showcase India Growth Story at Davos

Buoyed by India’s growing economy and its rising global profile, Prime Minister Narendra Modi is poised to pitch the India growth story to international political and financial elite at the World Economic Forum in Davos.Mr Modi’s overarching message at Davos will be “India is open for business,” also the theme of the promotional campaign India has launched in Davos. Mr Modi will speak on the theme for the 2018 WEF, “Creating a Shared Future in a Fractured World,” and India’s role in the world. In his plenary speech, PM Modi is expected to highlight pathbreaking economic reforms taken by his government which have led to enhanced ease of doing business. India jumped 42 places in the World Bank’s Ease of Doing Business last year.
“In recent years, India’s engagement with the outside world has become truly and effectively multi-dimensional covering the political, economic, people to people, security and other spheres… At Davos, I look forward to sharing my vision for India’s future engagement with the international community,” Mr Modi said ahead of his visit to the picturesque Alpine town of Davos that holds the annual meet.

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