Global Rice News

DAVOS, Switzerland — The cabinet ministers of Indian Prime Minister Narendra Modi made a strong statement at the World Economic Forum’s annual meeting in Davos. They emphasized that now is the time for India to assert itself as a powerful economy, and they firmly believe that “India has seized the moment.”

During a session titled “Can India seize its moment?” at the forum, the ministers left no room for doubt. Hardeep Singh Puri, the minister of petroleum, natural gas, housing, and urban affairs, confidently declared that India has already taken hold of this opportunity.

Puri highlighted India’s remarkable economic growth and development in recent years. He emphasized that India has become the world’s fastest-growing major economy, with a growth rate of over 7% in the past year. This growth has been driven by various sectors such as manufacturing, services, and agriculture.

The minister also highlighted the government’s efforts to improve ease of doing business in India. He mentioned the introduction of reforms and policies to attract foreign direct investment (FDI) and promote entrepreneurship. These initiatives have resulted in a significant increase in FDI inflows into the country.

Moreover, Puri discussed the government’s focus on sustainable and inclusive urban development. He highlighted initiatives such as the Pradhan Mantri Awas Yojana (PMAY), which aims to provide affordable housing to all citizens by 2022. He also mentioned the government’s efforts to promote clean and renewable energy, making India a global leader in the fight against climate change.

The minister further emphasized the potential of India’s youth demographic, which presents a huge opportunity for economic growth and innovation. He discussed various programs and initiatives aimed at harnessing the potential of India’s youth and promoting entrepreneurship.

In addition to Puri, other cabinet ministers also showcased India’s achievements and potential. Nitin Gadkari, minister of road transport and highways, highlighted the government’s ambitious infrastructure development plans. He mentioned the Bharatmala project, which aims to construct and upgrade over 80,000 kilometers of highways across the country.

The ministers emphasized that India is open for business and invited global investors to explore the vast opportunities available in the country. They highlighted the government’s commitment to ease of doing business and assured potential investors of a conducive business environment.

India’s presence at the World Economic Forum in Davos served as a powerful platform to showcase the country’s accomplishments and its vision for the future. The ministers conveyed a clear message that India is ready to take on the world stage as a strong and vibrant economy.

In conclusion, the cabinet ministers of Prime Minister Narendra Modi made a compelling case for India’s economic prowess at the World Economic Forum’s annual meeting in Davos. They highlighted India’s impressive growth rate, government reforms to attract investment, focus on sustainable development, and the potential of its youth demographic. India has truly seized the moment, and it is poised to become a global economic powerhouse.

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