PM Narendra Modi is all set to visit Davos on January 22 to attend the annual general meeting of the World Economic Forum and will be addressing the gathering at the plenary session the next day.
PM Narendra Modi is all set to visit Davos on January 22 to attend the annual general meeting of the World Economic Forum and will be addressing the gathering at the plenary session the next day. However, this is not the first time that PM Modi is planning to attend the WEF summit. He was on course ten years ago, as the Gujarat CM. As he leaves for Davos on Monday, the significance of his visit — 20 years after an Indian Prime Minister last went there — is not only linked to his own political journey but also to the dramatic changes in the way the world views the Indian economy.
Here are top 10 lesser known facts:
1- The last time an Indian PM went to attend the summit was HD Deve Gowda in 1997.
2- The visit comes just a week ahead of the current government’s last full budget. It means the summit would be a major event for PM Modi’s future plans.
3- This edition of the WEF is the 48th, with the theme ‘Creating a shared future in a fractured world’.
4- The meeting will feature a roster of heavyweights from among the global political elite which include US President Donald Trump, France President Emmanuel Macron, British PM Theresa May, Canadian PM Justin Trudeau, and Pakistan PM Shahid Khaqan Abbasi.
5- PM Modi will be interacting with 120 top CEOs of transnational corporations across sectors.
6- Prime Minister Modi will be accompanied on the trip by a delegation comprising of his key cabinet colleagues—finance minister Arun Jaitley, commerce minister Suresh Prabhu, railways and coal minister, Piyush Goyal, oil and gas minister Dharmendra Pradhan, junior minister PMO and for north-east region Jitendra Singh, and junior minister foreign affairs MJ Akbar.
7- Among the major achievements to be highlighted by Prime Minister Modi would include bringing in $195 billion in foreign direct investments, a recent 30 rank jump in the Ease of Doing Business rankings of World Bank, GST as the biggest tax reform, formulating banking and insolvency code and drive for Aadhar-seeding of services among others.