World the center because many sessions are

World Economic Forum highlight: India is working toward a five trillion dollar economy by 2025, PM Modi is laying red carpet for foreign investors .Prime Minister Narendra Modi has already reached Davos to participate in the World Economic Forum (WEF) annual summit. In this year’s annual conference in Davos, a small beautiful city between the Alps Hills of Switzerland covered with ice sheet in winter, politicians from all over the world, corporate figures, policy makers and dignitaries of the social cultural field are participating. Modi is the first Indian PM to participate in this program in the last two decades. Officials say that he is the first Indian PM to participate as the Chief Guest. This conference will see the dominance of India where the Chief and Policy Maker of hundreds of Indian companies will be seen. An official said, “The Indian theme is in the center because many sessions are organized around India.” It is notable that in January last year, Chinese President Xi Jinping gave the keynote speech in Davos where he tried to woo global businessmen and had prepared a strong pitch to abandon protectionism. Actually, it was targeting America before assuming the Donald Trump power.Due to the Republic Day program, Indian Prime Ministers have made a distance from this conference held in January, but PM Modi decided to go to Davos between his extremely busy schedule in January. This program is organized from 23rd to 26th January.PM Modi said that 21 years ago our country’s Prime Minister Hd Deve Gowda had come and since then our economy has increased six times. He said that it is very needed to improve major global institutions. It is known that India has long been claiming its membership in the Security Council, which China has been opposing. To attract investors, Prime Minister Narendra Modi said , we canceled the old law, abolished the red tape and laid red carpet for the investors.India is working toward a five trillion dollar economy by 2025, Prime Minister Narendra Modi said at the opening session of the World Economic Forum in Davos, as he addressed the global investors to Asia’s third largest economy.”India is removing the red tape and laying out the red carpet,” said PM Modi. He further added,”Almost all areas of our economy have been opened to foreign direct investment,”. “More than 1400 archaic laws that were an obstacle to doing business” have been abolished in the last three years.Modi is making efforts to attract foreign investment to kick start growth in India’s $2.3 trillion economy, which is forecast to expand at the slowest pace since 2014 this year. Modi government has eased restrictions this month on foreign direct investment in several sectors, including real estate brokerages, single brand retail and power exchanges. He also allowed overseas airlines to invest in state carrier Air India Ltd.Earlier before PM Narendra Modi relaxed rules on investment in defense,insurance, construction, pension and other sectors resulting in the highest foreign investment  inflows ever in the year ended March 2017.

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