Founder chairman of the World Economic Forum (WEF) Klaus Schwab said, India presents an image of promise and the remarkable pace of bold and structural reforms have boosted its macroeconomic fundamentals while enhancing long-term economic outlook.
In an article, Mr Schwab said, India will undoubtedly have a great role and influence in shaping our common future by enriching the global policy debate as well as assisting in designing and developing better policies for a prosperous world.
Praising Prime Minister Narendra Modi’s credo of ‘Sabka Saath, Sabka Vikas’, the WEF Founder Chairman also appreciated India expanding its leadership in a wide range of global initiatives. Mr Schwab noted that India’s leading role at the Paris climate agreement and International Solar Alliance, and efforts to become a permanent member of the UN Security Council and the Nuclear Suppliers Group demonstrate a quest for a more pivotal role in global geopolitics.
The article is part of the WEF Annual Meeting 2018 which will take place later this month in Davos-Klosters, Switzerland, under the theme ‘Creating a Shared Future in a Fractured World’. Mr Schwab expressed delight at hosting Prime Minister Modi at the annual summit of the WEF at Davos.
Mr Modi will travel to Switzerland on January 22 on a two-day visit during which he will deliver the keynote address at the plenary session of the WEF. Mr Schwab noted that Mr Modi is the first prime minister from India to attend the meeting in the last two decades.