World Economic Forum: PM Modi Live on Davos Summit

PM Modi Live on Davos Summit: Trilok Singh

PM Modi to address International Business Council in Davos, Switzerland 2018

TRILOK SINGH: Watched Prime Minister’s speech, World Economic Forum, Davos and also his speech was Very insightful and relevant in every phase of life. Speech was very educative even for a micro level “a family” to macro level “the world”. This year the topic here is ‘Creating a shared future in a fractured world’. New powers are changing the balance between Economic & Political strength. ‘The Last time an Indian PM was in Davos, 21 years ago, India’s GDP was around $400bn. And Today, it’s six times’.  Now, ‘data is the biggest resource of technology’. In Short, there is a race to control the mountains of data on the internet. Prime Minister Narendra Modi said at the World Economic Forum’s Annual Meeting 2018 in Davos, Switzerland.

Significantly, The global flow of data is creating big opportunities and big challenges as well. The Prime Minister of India also believes there are three main challenges that threaten the future humanity, the first being climate change. While Mahatma Gandhi was against greed and exploitation, so how have we moved to greed-based consumption. Said, The Prime Minister.

Economically, ‘Import and Exports policy becomes so easy in India’, but in an interconnected world, globalization is losing its lustre. Do global organizations created after the Second World War really reflect the aspirations and dreams of mankind today, he asks. With respect to the developing countries there is a very big gap. Reform, Perform and Transform is our main goals. In India, “democracy, demography and dynamism” are shaping development and growth that is inclusive. We can not exploit any countries Natural resources.  While India aims to produce 175 gigawatts of renewable energy by 2022.

In other words, In the last three years we’ve achieved a third of our goal. “If you want wellness along with wealth, wholeness along with health and peace with prosperity.” through the Respect of democracy and peace we can cycle many issues world wide. Said, The Prime Minister.

Climate change, terrorism and the backlash against globalization are the three most significant challenges to civilization as we know it, Indian Prime Minister Narendra Modi said at the World Economic Forum’s Annual Meeting 2018 in Davos, Switzerland. With the light of Climate change, “Glaciers are receding, ice caps are melting in the Arctic, many islands are sinking… There can be floods, or there can be drought, we are seeing the impact of extreme weather conditions.

The Other great challenge is terrorism. Terrorism is dangerous, but equally dangerous is the artificial distinction between good and bad terrorists. He also hopes that the world can find a solution to the radicalization of young people. Moreover, more and more countries are becoming focused on themselves. The opposite of globalization is happening, says Modi. Everyone is talking about an interconnected world, but we have to realize that globalization is losing its lustre. The forces of protectionism are raising their heads.

They want to reverse the natural flow of globalization, he adds. Bilateral trade agreements have come to a standstill. Most nations have seen a decrease in cross-border investment. Growth in the global supply chain has been stopped. The answer to this is not isolation, but accepting change. In a fractured world, we need to ensure the major powers co-operate, and that competitiveness among nations does not become a wall between us, He Added.

Read Also, India presents a vast economic opportunity for Israeli companies: PM Narendra Modi.

Investing in India, travelling to India and manufacturing in India has become much easier, the Prime Minister said, listing his government’s policies for this, “We have pledged to end license raj, we are removing red tape and laying out the red carpet.” The Prime Minister also quoted poet Rabindranath Tagore, saying he had written of “a heaven of freedom where the world is not divided by narrow domestic walls”, and called for turning that into reality, stating that “India will always be a unifying and harmonising force”. The PM also said that, “India has always believed in values of integration and unity,” stating that amid fast moving economic and political changes in the world, “peace, stability and security face new and serious challenges”. This raises barriers which are punishing people in developing countries. Trade agreements have come to a standstill, many nations have seen a decrease in cross-border investment, and growth in the global supply chain has been stopped. “The solution to this worrisome situation against globalization is not isolation. The solution is in understanding and accepting change.”


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