World’s investors as a growth hotspot, having

World’s most prestigious economic summit has started from 23nd
of January and will be held till 26th of January where Narendra Modi
will be making the opening key note  with
his plenary address on ‘New India’ theme and opportunities for global investors
at around 3:30 pm (IST) today. This plenary address  signifies 
a great deal of stature to India as today the world is keenly watching
the nation, its economy, its political turn-over, its decisions and technology.
After  Mr.
P. V.Narasimha Rao, had travelled twice to Davos as Prime Minister, first in
1992 and then in 1994; Mr. H. D. Deve Gowda, was the only other Prime Minister
to have made it to the Davos summit, Modi is the first ever PM of India
of not only visitng the beautiful Alpine meadows town with only 11,500
population but will address the world welcoming investors to India to make,
business,  promote, and establish
themselves in India, as it is considered as one of the fastest growing economy
in the world competing with China and UK. This address shows how Modi has
successfully held up India in the international forum and how the world
anticipates for the country.

The Central government and a few states are all set to pitch for
investment at the World Economic forum, with investors and roundtable  conferences lined up. This forum comes at a
time when NDA government is entering the last year of its current terms, with
global growth rebounding and interest shifting to other emerging markets.

We Will Write a Custom Essay Specifically
For You For Only $13.90/page!


order now

Adding to the summit,  IMF, a
growth prospects survey, released says that India could grow at 7.8% in 2019,
in contrast to  a less-than-projected
growth of 6.5 per cent in fiscal 2017-18 — is still perceived by overseas
investors as a growth hotspot, having attracted record flows of foreign funds,
especially in 2017, which makes it very attractive for the Indian delegation, to
endorse the assessment that India is on track to shake off the disruptive
effects of the note ban in 2016 and the glitches in implementation of the GST
last year.

The numbers are
expected to attract global investors to showcase the country’s investment potential
and ease of doing business, as India has already earned reputation with its
recent improvement in ranking 100th on the pecking order, by the
World Bank.

India’s top business
and banking leaders  like Tata Group
chairman N Chandrasekharan, Wipro’s Azim Premji, Ambani, Adani, Anand Mahindra, Rahul
Bajaj, NITI Aayog CEO Amitabh Kant,  ICICI
Bank CEO Chanda Kochhar and SBI chief Rajnish Kuma, former RBI governer
Raghuram RAjan, will be present along with Modi speaking about cyber security,
climate change and big data among the subjects on the agenda.

 

Apart from Modi,members who will engage with
global investors in the Swiss town inclide Commerce and Industry minister
Suresh Prabhu, Railway minister Piyush Goyal,and petroleaum monsoter Dharmendra
Pradhan, beside senious government officials. Arun Jaitley will not be
attending because of the printing of the budget papers underway.