India Aims To Be A $5 Trillion Economy By 2025, Says PM Modi At Davos

Prime Minister Narendra Modi's speech at World Economic Forum's plenary session at the Swiss mountain resort of Davos enlightened the world leaders about India growth story and its future.?India is working toward a five trillion dollar economy by 2025, Prime Minister Narendra Modi said today at the opening session of the World Economic Forum in Davos.?

Reuters

PM also spoke about the challenges the world faces today.

Here are 10 major points PM Modi emphasised on:

1. "Terrorism is dangerous. It is worse when people say there is a difference between 'good' and 'bad' terror. It is painful to see some youngsters getting radicalised," PM Modi said as quoted by NDTV.

2. He said "India has always believed in values of integration and unity," stating that amid fast-moving economic and political changes in the world, "peace, stability and security face new and serious challenges."

AFP

3. He also said that investment in India had become easier. "We have pledged to end license raj, we are removing red tape and laying out the red carpet."

4. PM remembered former PM HD Dev Gowda, who had had last presided over the podium of WEF, "India's GDP in 1997, when the last PM came to Davos, was a little over 400 billion dollars. It has grown six times since." PM Modi is the first Indian Prime Minister to give the plenary speech at the WEF and the first to attend the Davos summit in 20 years, since HD Deve Gowda's visit in 1997.

5.?At the dinner meeting last night, he spoke about India's growth story and presented investment opportunities to over 40 industry honchos from 18 nations.

6. India is working toward a five trillion dollar economy by 2025, Prime Minister Narendra Modi said today at the opening session of the World Economic Forum in Davos.?

Reuters

7. "Almost all areas of our economy have been opened to foreign direct investment," he said. Modi is the first Indian prime minister in two decades to attend the forum of global business and political leaders.?

8. He also said his government was making attempt to ease business, "More than 1400 archaic laws that were an obstacle to doing business have been abolished in the last three years," he said.