Modi Could Lead Indian Delegation at Davos WEF
Prime Minister Narendra Modi could lead delegation of nearly 100 CEOs from Indian companies at Davos World Economic Forum in Switzerland. Many top officials and Union Ministers are also expected to attend the event of International business community. As per media reports, Modi is also expected to also expected to address a special plenary session in Davos. After 1997, Modi will be the first Indian Prime Minister to attend the event in almost two decades.
Modi has been trying hard to project India as a business destination. The Make In India campaign of Indian government hasn’t been able to get the desired response despite efforts of Modi government. While Modi travelled all over the world to project India as next business destination or manufacturing hub for Western companies, the achievement on ground in India have been questionable.
Modi government took some strong steps and they have resulted in slowdown in Indian economy. While economists and politicians have been discussing the impact of currency demonetization and introduction of GST, the growth in Indian market has remained lower than estimates. Modi has been successful in winning elections in many states across India due to his aggressive campaigning and poor performance of Congress, the main opposition in India.
As per reports, Finance Minister Arun Jaitley, Commerce and Industry Minister Suresh Prabhu, Railways Minister Piyush Goyal, Transport Minister Nitin Gadkari and Oil Minister Dharmendra Pradhan would also be present at Davos.
To be attended by over 3,000 global leaders including CEOs, heads of state and government, artists and civil society members, the Davos Annual Meeting of WEF will conclude on January 26.
Stock Markets have witnessed rise due to strong global sentiment. Indian companies haven’t been able to perform to justify the increasing valuations of their stocks.