Rahul Bajaj, the chairman of Indian conglomerate Bajaj Group, has given a thumps up to the Indian economy and Prime Minister Narendra Modi ahead of Modi’s keynote address at the World Economic Forum 2018 event in Davos, Switzerland. Speaking to ANI, Bajaj said, “Our economy is great,we have problems but this PM is outstanding. I don’t want to equate my nation with any individual, we have our problems but a lot of our population is below 35, if we provide them education and skills, it will be really strong demographic dividend.”
Echoing Bajaj, Director General of the Confederation of Indian Industry, Chandrajit Banerjee said, “India story in terms of what is going to unfold, with the strength that the economy has now gained is phenomenal. And I think there is extreme positivity both by the Indian corporates as well as foreign corporates.” Yusuff Ali, Chairman, LuLu Group, also called the event crucial for marketing India’s potential saying, “It is a great opportunity to market our country. A lot of investors nowadays are looking to invest in India. Government has changed laws for ease of doing business. Global business community is very happy to invest in India.”
Notably, under Prime Minister Narendra Modi, India will be attending the event after 20 long years. The last PM to visit the event was Deve Gowda. Recalling his visit, Rahul Bajaj, said, “Deve Gowda came to Davos 21 years ago. Unfortunately he came with his entire family, perhaps not the right thing to do. It’s a very serious occasion, not a picnic. Anyway, we’re delighted that PM Modi is coming”.
Significantly, more than 50 heads of states are expected to attend the event. Before his visit, in a series of tweets, with the hashtag #IndiaMeansBusiness, Prime Minister Narendra Modi said he was looking forward to his visit to Davos and “sharing his vision for India’s future engagement with the international community. The existing and emerging challenges to the contemporary international system and global governance architecture deserve serious attention of leaders, governments, policy makers, corporates and civil societies around the world”.