India at WEF Davos Summit
Hyderabad: India’s Prime Minister Narendra Modi has addressed the World Economic Forum’s (WEF’s) Davos Agenda Summit 2022, through video-conferencing. The “Davos Agenda 2022” summit is being held digitally from January 17 to January 21, 2022, due to the Covid-19 pandemic. The theme of the event is “The State of the World.” The WEF annual meeting […]
Hyderabad: India’s Prime Minister Narendra Modi has addressed the World Economic Forum’s (WEF’s) Davos Agenda Summit 2022, through video-conferencing. The “Davos Agenda 2022” summit is being held digitally from January 17 to January 21, 2022, due to the Covid-19 pandemic. The theme of the event is “The State of the World.”
The WEF annual meeting in Davos (Switzerland) engages the world’s top leaders to shape global, regional and industry agendas. PM Modi said India as a strong democracy, has given a bouquet of hope to the mankind which comprises of Indian’s unwavering faith in democracy, technology that is empowering 21st century and talent and temperament of Indians. He listed India’s achievements and contribution in various sectors….
One Earth, One Health
During the course of Covid-19, India saved many lives by exporting essential medicines and vaccines by following its vision of “One Earth, One Health”. India has delivered 1154.173 lakh doses of Covid-19 vaccines to 97 countries till 31st December 2021. India is the world’s third-largest pharmaceutical producer and is considered ‘pharmacy to the world’.
Pro-Planet People Approach
Proposed the idea of the “P3 (Pro-Planet-People) movement” that underscores India’s commitments to climate change at the global forum (UNFCCC COP 26).
Reiterated India’s “clean, green, sustainable, and reliable” energy goals which dwell on achieving a net-zero carbon emission target by 2070.
Making LIFE (Lifestyle for Environment – given by the Indian PM at UNFCCC COP 26 Conference) into a mass movement can be a strong foundation for P3.
LIFE is a vision of a resilient and sustainable lifestyle that will come handy in dealing with the climate crisis and other unpredictable challenges of the future.
Reforms undertaken by India
In physical and digital infrastructure like optical fibre in 6 lakh villages, 1.3 trillion dollars invested in connectivity-related infrastructure, the goal of generation of 80 billion dollars through asset monetization.
Gatishakti National Master Plan to bring all the stakeholders on the single platform to infuse new dynamism to the seamless connectivity of goods, people and services.Today India has the world’s largest, secure and successful digital payments platform.
In December 2021, 4.4 billion transactions were done through Unified Payments Interface (UPI) in India. Technological solutions like Arogya-SetuApp for tracking of Corona Infections and CoWinPortal for Vaccination.
India as an Investment Destination
Recently, various reform measures have been taken by the Government, such as the removal of Retrospective taxation, reduction in compliance requirements and simplification of the Corporate Tax rate structure making it the best Investment Destination today.
Today, India has the third largest number of unicorns in the world. More than 10,000 start-ups have been registered in the last six months.
Policy-making is focussed on needs for the next 25 years for a “clean and green” as well as “sustainable and reliable” growth.
Challenges Ahead
There is a need for collective and synchronized action by every country, every global agency. Supply chain disruptions, inflation and climate change are examples of these.
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