BUSINESS
It is expected that PM Modi will use the platform to reiterate India's role in the world economy.
Prime Minister Narendra Modi will deliver his much-awaited address at the World Economic Forum in Davos today. Prime Minister Modi is the first PM since 1997 who attended the WEF.
The last Indian PM to attend the summit was H.D. Deve Gowda in 1997.
Prime Minister's office took to micro-blogging site Twitter to inform that the opening plenary of the World Economic Forum will commence from 3:45 PM onwards and it will be when PM Modi will also deliver his address.
Today, 3:45 PM onwards the Opening Plenary of the @wef commences. PM @narendramodi will address the plenary. You can watch the address live here. https://t.co/vbG9VG4Eqq #IndiaMeansBusiness
— PMO India (@PMOIndia) January 23, 2018
It is expected that PM Modi will use the platform to reiterate India's role in the world economy. The Prime Minister's address will come a day after the International Monetary Fund (IMF) in its projection has said that Indian economy will grow at 7.4% in 2018 as against China's 6.8%.
It also said that due to its growth in 2018, India will become fastest growing country among emerging economies following last year's slowdown due to demonetisation and the implementation of the GST.
IMF also said that Indian Economy expanded the most in 2017.
Besides IMF forecast, India has also emerged as the fifth most attractive market for investments and the optimism over global economic growth is at a record level, PwC survey of CEOs revealed.
In PwC survey, India had beat Japan to become the favourable market.
PwC's 21st CEO survey said,"The US remains the top spot for global investment, while India moves into the top 5"
WEF 2018 is also special because the Indian presence is set to be the largest-ever with as many as six union ministers, two chief ministers, several top government officials and over 100 CEOs, among others, already figuring among the registered participants.
Prime Minister Modi left for Davos on Sunday, and in his departure statement on Sunday that India’s engagement with the outside world in the recent years has become “truly and effectively multi-dimensional covering the political, economic, people to people, security and other spheres”.
Before his departure from India, Modi had said he will share his vision for India's future engagements with international community in Davos, and will seek "serious attention" of world leaders on existing and emerging challenges to the contemporary global systems.
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