Key Takeaways from PM Narendra Modi’s Keynote Speech at Davos

PM Modi's Davos Speech
  • Narendra Modi acknowledged the fact that he is the first Indian Prime Minister to attend the meet since 1997.”Very few people had heard of Osama Bin Laden, and Harry Potter was also an unknown name. Back then, Google didn’t exist, a web search for Amazon would bring up a river or jungle, and tweeting was done by birds,” said Modi.
  • Modi also spoke of the waning power of globalisation, stating that organizations like the United Nations have not done much to help. “Forces of protectionism are raising their heads against globalisation. They want to reverse its flow,” he said
  • Modi stated that the global order is widening these fault lines, increasing these differences, and giving preference to isolationism over harmony and conflict over co-operation, he asks, seeking solutions to eliminate rifts and differences.
  • “The world has moved from needs-based to greed-based consumption,” said Modi. This does not live up to the ideals of Gandhi, or the teachings of Buddha, he said.
  • Narendra Modi talked of the importance of data in today’s age, where it is considered to be a precious commodity.”There is now a race to control data, because it is believes that whoever is able to control the data can dominate the world,” he said.
  • Modi pledged to make India a USD 5 trillion economy by 2025, he also spoke of terrorism.“As dangerous as terrorism is, even more dangerous is the artificial divide created between good and bad terrorists,” he said
  • Prime Minister Narendra Modi encouraged businesses to invest in India, pointing out the several laws and regulations taken down to make the economy. “Instead of red tape, we offer you a red carpet,” he said.
  • Modi spoke of the impact of climate change and the lack of initiative taken up by nations.”Everyone talks about reducing climate emissions, but there are very few countries who back their words with their resources to help developing countries to adopt the appropriate technology,” he said.
  • “By the year 2022 in India, we want to produce 175 gigawatts of renewable energy. This is a very big target for a country like India. And in the last three years approximately, we have achieved 60 gigawatts, that means a third of our objective has already been achieved by us,” said Modi.
  • Modi stated that India can play a crucial role in being a “humanising and harmonious force”, which reflects in India’s literature, poetry and songs.
  • India’s GDP has grown 6 times since the last time its prime minister attended the World Economic Forum at Davos in 1997
  • PM said, “In 2014 after 30 years, Indian voters 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'”
  • PM Modi spoke about the issues of peace, security and stability that have emerged as serious global challenges.

Source : Multiple News Channels and their SM handles.

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