WEF Davos 2018 highlights: Narendra Modi warns of three global threats
8 min read.Updated: 23 Jan 2018, 07:09 PM ISTLivemint
PM Narendra Modi addressed the opening session of the World Economic Forum (WEF 2018) in Davos on Tuesday. Here are the latest updates and developments
New Delhi: Prime Minister Narendra Modi on Tuesday addressed the opening session of the World Economic Forum 2018 (WEF 2018), becoming the first Indian prime minister in two decades to join the world’s top business leaders in the Swiss resort town of Davos.Modi outlined climate change, terrorism and protectionism as three global threats, even as he projected India as a favourable investment destination.Here are the latest updates and developments from PM Modi’s visit to WEF Davos 2018:
23 Jan 2018, 06:37:00 PM IST
Full text of Modi’s Davos speech
Read Prime Minister Narendra Modi’s full speech to the World Economic Forum in Davos here.
After making his debut at the World Economic Forum in Davos on Tuesday, PM Narendra Modi met Canadian prime minister Justin Trudeau on the sidelines and also extended an invite to visit India.“As you know Canada PM Justin Trudeau has been invited to make a state visit to India, he said he is looking forward to India visit. Canada PM will come with his family, a business delegation and some members of Parliament,” ANI quoted Vijay Gokhale,MEA Secretary, Economic Relations as saying.
23 Jan 2018, 05:39:00 PM IST
A global leader’s speech, says Fadnavis on Modi’s keynote address
Maharashtra CM Devendra Fadnavis called Prime Minister Narendra Modi’s keynote speech at the World Economic Forum in Davos today as “speech of a statesman, a global leader.”“It wasn’t speech of a political leader but that of a statesman, a global leader. He also talked about what India is doing. He gave a message that we are here not only to speak but what we speak is transformed into action,” ANI quoted Fadnavis.Andhra Pradesh chief minister Chandrababu Naidu also lauded Modi’s address to the global gathering. “PM gave an excellent speech. It is a historical day for India. PM gave very good message to global community especially on geopolitics, terrorism & environmental issues,” ANI quoted Naidu as saying.
23 Jan 2018, 05:31:00 PM IST
Reactions on PM Modi’s speech at WEF 2018 in Davos
Reacting on Prime Minister Narendra Modi’s keynote address to the World Economic Forum (WEF) in Davos today, Union minister Dharmendra Pradhan described it as “enthusiastic” speech.“It was a very enthusiastic speech, PM talked about how Indian ethos can be a global role model in today’s conflicting times,” ANI quoted Pradhan as saying.Rajan Mittal, vice-chairman and managing director of Bharti Enterprises said, “PM spoke as a global statesman speaks not only about India but also globalisation & larger issues of climate change & terrorism. Yes he spoke about reforms, the world is going inward and India is globalising and is ready for business.”
23 Jan 2018, 05:06:00 PM IST
Stable, progressive India good for world, says PM Modi
Prime Minister Narendra Modi said that a stable and progressive India is good news for the world as well. “A predictable, stable, transparent and progressive India good news in an otherwise state of uncertainty and flux,” the PM said. (PTI)
PM Modi in his keynote speech at the World Economic Forum summit in Davos said that the country takes pride in its democracy and diversity. “We in India are proud of our 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,” the PM said.Modi also said that his government’s motto is ‘development for all’.“In 2014 after 30 years, the 600 crore Indians provided complete majority to any political party to form govt at the centre. We took the resolution for the development of everyone and not just a specific group. Our motto is ‘Sabka Saath Sabka Vikas’,” the PM said.
23 Jan 2018, 04:33:00 PM IST
Appeal of globalisation fading, says PM Modi in Davos
Many societies & countries are becoming self-centred. It seems that gloabalisation, as opposed to its definition, is shrinking. Such misplaced preferences can't be considered any lesser threat than terrorism or climate change. We must admit shine of globalisation is fading: PM pic.twitter.com/lWtH97NU6A
Continuing his speech at the World Economic Forum, PM Modi listed terrorism and protectionism as the other two major challenges to human civilization. “Terrorism is a big threat but what is equally dangerous is artificial distinction made between good and bad terrorist,” said the PM.
23 Jan 2018, 04:21:00 PM IST
We are exploiting nature for our greed, says PM Modi at WEF 2018
Mahatma Gandhi's Principle of Trusteeship to use things according to one's need is important. He was against use of anything for one's greed. We're today exploiting nature for our greed. We need to ask ourselves if this is our progress or regression: PM Modi #WorldEconomicForumpic.twitter.com/TlMxv06Qgm
Climate change is huge threat to our civilization: Modi
Here are the main highlights from Prime Minister Narendra Modi’s keynote speech at the plenary session of the World Economic Forum 2018 in Davos:■ Today data is the wealth and its global flow is creating both opportunities and challenges. Technology assuming immense importance in this era; deeply influencing the way we behave, politics and various aspects of our life.■ This year the topic here is ‘Creating a shared future in a fractured world’. New powers are changing the balance between Economic & Political strength. This is indicating a change in future of the world. World is facing challenges in maintaining peace, stability & security. (ANI)■ India has always believed in values of integration and unity, ‘Vasudhaiva Kutumbakam’ which means the entire world is one family. It is relevant to bridge distances.■ Climate change is the first major threat to human civilization right now, Snow in the Arctic is melting, many islands are sinking or are about to sink.
23 Jan 2018, 04:11:00 PM IST
Technology influencing all aspects of life: Modi in Davos
Modi addresses WEF 2018: Highlights of PM’s speech
Prime Minister Narendra Modi is addressing the plenary session of the World Economic Forum 2018 in Davos. Here are the main highlights from his keynote speech:■ I am happy to be in Davos to address the World Economic Forum. This Summit seems to find solutions to the various problems the world faces. I thank the people and Government of Switzerland for the warm welcome here.■ Last time an Indian PM came to the World Economic Forum in Davos was in 1997, when Prime Minister Deve Gowda had come. At that time our GDP was little more than $400 billion, now its more than six times.
India should focus on women’s inclusion in economy: Lagarde
IMF chief Christine Lagarde on Tuesday said India must continue with reforms especially in the financial services sector and should urgently focus on broad- based and true inclusion of women in its economy. Lagarde said IMF research has showed that raising women’s participation in the workforce to the level of men can boost Indian economy by 27%. She also expressed concern over the high level of discrimination faced by women in rural India and emphasised that there is an urgent need to address this issue. Lagarde reiterated IMF’s forecast of 7.4% growth for India and said it is obviously one of the fastest growing large economies of the world. (PTI)
23 Jan 2018, 02:58:00 PM IST
West must share benefits of growth with emerging world: Raghuram Rajan
Former RBI governor Raghuram Rajan on Tuesday said the Western world must realise they cannot go a long way without the help of the emerging economies and warned that no one would be able to resolve any problem of a ‘fractured world’ if things are not set right soon. Without naming any country, he said the West must realise that their population is ageing and the demand for their products would mostly come from the emerging world. (PTI)
23 Jan 2018, 01:17:00 PM IST
WEF Centre for Fourth Industrial Revolution proposed in Mumbai: Fadnavis
The next World Economic Forum (WEF) Centre for Fourth Industrial Revolution is being proposed to be set up in Mumbai, Maharashtra CM Devendra Fadnavis said on Tuesday. Fadnavis made the announcement from Davos. “It was amazing to know about the next @wef Centre of Fourth Industrial Revolution being proposed at Mumbai! This centre would be about science & technology based policies for the benefit of society creating a global hub of expertise, knowledge sharing and collaboration with special focus on robotics, artificial intelligence, application of technology like drones for agriculture,” the chief minister tweeted. As per the WEF website, one such centre is in San Fransisco. (PTI)
23 Jan 2018, 01:04:00 PM IST
Huge appetite for further global investments in India: Piyush Goyal
There is a huge appetite for continuous surge in foreign investments in India with no comparable opportunity available worldwide, Union minister Piyush Goyal said on Tuesday, even as he saw India’s role at international platforms growing into a leader being looked into for solving problems of a ‘fractured world’. “Going forward, India’s role in the world economy, in the social tensions and in the fight against terrorism and climate change is only going to grow,” Goyal told PTI in an interview here on the sidelines of the World Economic Forum. He also said Prime Minister Narendra Modi’s personal popularity and personal acceptability across the world is huge and he has emerged as the leader whom all world leaders look up for respect for leadership for tackling the problems that the world faces.
23 Jan 2018, 12:09:00 PM IST
What Modi’s debut at Davos before an election year means
With Modi heading into an election year in 2019, businesses are looking for assurances that he will carry on with structural reforms, such as opening up the banking sector to achieve double-digit growth rates.
Prime Minister Narendra Modi on Tuesday told top CEOs in Davos that India means business and presents exciting opportunity for the global businesses. Addressing a roundtable before a dinner meet, Modi narrated India’s growth story. He was accompanied by top government officials, including Vijay Gokhale, Jai Shankar and Ramesh Abhishek. Under the tagline of “India means business”, the roundtable was attended by 40 CEOs of global companies and 20 from India. After the meeting, MEA spokesperson Raveesh Kumar tweeted about Modi narrating India’s growth story and presenting exciting opportunities for global business in India at Davos. The spokesperson also tweeted that the prime minister “hosted a roundtable meeting with CEOs of top global companies”. (PTI)