New Delhi/IBNS: Prime Minister Narendra Modi delivered a special address on the state of the world at World Economic Forum Davos Agenda on Monday via video conference where he said India had given a bouquet of hope to the whole world.
“As I speak to you, India is tackling another wave of the pandemic with caution and confidence and moving forward in the economic sphere with many promising results,” Prime Minister Modi said.
He said that India, as a strong democracy, “has given a bouquet of hope to humanity which includes India’s unwavering faith in democracy, empowering technology in the 21st century and the talent and temperament of the Indians”.
The Prime Minister said that in the era of COVID, India had saved many lives by exporting essential medicines and vaccines following its One Earth, One Health vision.
“India is the third largest pharmaceutical producer in the world and is considered ‘the pharmacy of the world’,” he added.
The Prime Minister said that today India is providing a record number of software engineers.
“More than 50 lakh software developers work in India. India now has the third largest number of unicorns,” Prime Minister Modi said.
“More than 10,000 start-ups have registered in the past six months,” he added.
He also talked about India’s huge, secure and successful digital payments platform and informed that over the past month, more than 4.4 billion transactions took place through the unified payment interface. .
The Prime Minister outlined the measures to improve the ease of doing business and reduce government interference.
He mentioned simplifying corporate tax rates and making them the most competitive in the world. India has deregulated areas such as drones, space, geospatial mapping and made reforms to outdated telecom regulations related to IT and BPO sectors.
“We removed over 25,000 compliances in the past year,” he added.
Indicating India’s growing attractiveness as a partner, the Prime Minister said India is committed to becoming the world’s trusted partner in global supply chains and is paving the way for free trade agreements. -exchange with many countries.
“India’s capabilities in innovation, technological adaptation and entrepreneurship make India an ideal global partner. That is why now is the best time to invest in India,” he said.
He mentioned that India’s youth have reached a new high in entrepreneurship from just 100 start-ups in 2014, India now has over 60,000 start-ups. Of which 80 are unicorns and more than 40 unicorns have emerged in 2021 itself.
Underscoring India’s confident approach, the Prime Minister pointed out that when the world focused on interventions such as quantitative easing during the Corona period, India reinforced reforms.
Modi told the forum that India is not only focusing on easing processes in its quest for self-reliance, but also encouraging investment and production.
He pointed out that India is making policies keeping in mind the goals for the next 25 years.
“During this period, the country has maintained its targets of high growth and saturation of well-being and well-being. This period of growth will be green, clean, sustainable and reliable,” the Prime Minister stressed.
PM Modi focused on the ecological cost of today’s lifestyle and policies. He highlighted the challenges that our way of life poses for the climate.
“Throw away culture and consumerism have compounded the climate challenge. It is imperative to move quickly from the current take-make-use-throw away economy to a circular economy,” he stressed.
Referring to Mission LIFE, which he gave during the CoP26 conference, the Prime Minister said that making LIFE a mass movement can be a solid basis for P-3, i.e. “Pro Planet People”.
The Prime Minister stressed the need to adopt according to the changing realities of the world order. He said the global family faces new challenges in the changing global order and called for collective and synchronized action from every country and global agency.
He cited supply chain disruptions, inflation and climate change as key examples. He also gave an example of cryptocurrency where related technologies and their challenges are not amenable to single country decisions. He called for being on one page about it.
“It is imperative that every democratic nation push for reforms of these bodies so that they can rise to the challenges of the present and the future,” he concluded.