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PM Modi addresses World Economic Forum in Davos

Prime Minister Narendra Modi on Tuesday addressed the opening plenary at the 48th World Economic Forum’s annual meeting at Davos…

PM Modi addresses World Economic Forum in Davos

Prime Minister Narendra Modi. (Photo: AFP/File)

Prime Minister Narendra Modi on Tuesday addressed the opening plenary at the 48th World Economic Forum’s annual meeting at Davos in Switzerland.

PM Modi is the first Prime Minister from India to participate in a forum meeting in two decades after the then Prime Minister HD Deve Gowda in 1997. The summit will draw to a close on 26 January. He will interact with 120 members of the International Business Council, which is a part of the WEF.

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With the International Monetary Fund (IMF) reaffirming India’s economy to grow by 7.4 per cent in the next fiscal year, India has regained the rank of the world’s fastest-growing large economy as China slows down.

Like India’s improving economic performance, the global economy was also on the uptick, estimated to have grown by 3.7 per cent last year and forecast to grow this year and the next by 3.9 per cent, according to the Fund’s World Economic Outlook Update.

Earlier on Monday, PM Modi held a bilateral meeting with Swiss President Alain Berset who greeted the prime minister with a warm handshake in this town in the Swiss Alps before leading the Indian leader to the meeting.

PM Modi, in the course of his 24-hour visit to Davos, is also scheduled to hold a bilateral meeting with Sweden Prime Minister Stefan Lofven on Tuesday.

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