Prime Minister Narendra Modi will address the full session of the conference of the World Economic Forum (WEF) which began from Tuesday in Davos. Their efforts will be to encourage global companies to invest in the country under ‘Make in India’ in this Mahakumbh of the world’s economic world. In this work, about half a dozen of ministers from their cabinet will cooperate.
Prime Minister Modi has a busy schedule in Davos. He reached Davos on Monday, with around 120-member delegation, including six ministers and two chief ministers. Their best efforts are to attract foreign investment to accelerate the Indian economy. That’s why, on Monday, he made a round table dinner with CEO of 60 big companies, including Airbus, Hitachi. During this time, CEOs of 20 Indian companies were also presented.
Top agenda
– Government will try to bring huge foreign investment in India based on the recent structural changes
– There will also be exhibition of various schemes towards the government and the strength of the country’s infrastructure.
– Discuss strategic issues including terrorism in possible meeting with US President Donald Trump.
Positive atmosphere will help
– For the first time since 2004, global rating agency Moody’s has improved the ratings of the Indian economy.
– Business jumped 30 places in ease of access index, India reached 100th position in the ranking of 190 countries
Government efforts will succeed
– 100% FDI sanctioned by automatic route in single brand retail
– Foreign investment approved in areas such as defense, rail therapy etc.
– $ 60 billion record FDI came last year in India
– Modi will talk with 60 CEOs himselves in Davos, 20 Indian CEOs will be there too.
Transit status in two decades
1997
– Deve Gowda was the leader of coalition government. So there was a weak position in the government
– It was the responsibility of the then finance minister P. Chidambaram to talk to various stakeholders in Davos.
– Economic reforms in India In the initial period, the brightness in the foreign investment case was faded.
– $ 423 billion was India’s GDP, at that time India was at 13th position.
2018
– Modi is the party’s chief in power with the absolute majority. So there is no compulsion for coalition
– Prime Minister Modi in Davos will keep India’s side. The role of ministers in this collaborator.
India is the fastest growing economy in the world; FDI at record level
– In 2016, $ 2.250 trillion was GDP, the seventh largest economy in the world.
Conference of Legislative Assemblies
– President or Minister of 70 countries will attend the World Economic Forum’s annual conference
– 1900 Top representatives of private and public sector companies will also be part of the conference.
– 900 NGOs, social sector entrepreneurs, educationists, artists and labor leaders also invited
80 young businessmen will share their experiences; they are under 40 years of age.
– 400 sessions will be organized on various topics, 200 of these will be webcasts of sessions.
Interesting aspects
– 21 percent of women are attending this conference, which is a record so far.
– American President Donald Trump will be present for the first time since Bill Clinton in 2000.
– The theme of the conference is ‘Creating a shared future in a fragmented world’, which will be discussed.
