An armed member of the Swiss Police watches from the roof of the Hotel Davos ahead of the World Economic Forum (WEF) in Davos, Switzerland. (Photographer: Simon Dawson/Bloomberg)

Modi Sees Three Big Global Threats And Offers Four Solutions

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Three Problems And Four Solutions

Prime Minister Narendra Modi highlighted the three biggest challenges facing the world, in his keynote address at the 48th World Economic Forum in Davos. Before concluding his speech, he offered four solutions to counter these problems.

The Problems

  • Climate change
  • Terrorism
  • Many nations' inward focus

The Solutions

  • Set aside differences and work together on common challenges.
  • Adhere to international rules.
  • Reform major global institutions.
  • Speed up the process of achieving better economic growth.

Modi Ends Speech By Quoting Tagore

Modi ended his speech by quoting Nobel Laureate Rabindranath Tagore. The prime minister said that we should work towards future “where the world has not been broken up into fragments by narrow domestic walls".

Narendra Modi, India’s prime minister, gestures during a plenary session on the opening day of the World Economic Forum (WEF) in Davos, Switzerland. (Photographer: Jason Alden/Bloomberg)
Narendra Modi, India’s prime minister, gestures during a plenary session on the opening day of the World Economic Forum (WEF) in Davos, Switzerland. (Photographer: Jason Alden/Bloomberg)

Crucial That We Abide By International Laws, Says Modi

Prime Minister Narendra Modi went on to speak about the need for global collaboration.

  • India's youth needs to transform from job seekers to job givers.
  • With the pace of change around us, it is crucial that all abide by international laws and rules.
  • India always steps up for global needs, be that WW-II, UN peace-keeping, natural disasters
  • Believe in a multi-cultural, multi-polar world that respects democracy, and diversity.

Democracy, Demography, Dynamism Fueling India’s Development, Says Modi

Democracy is not a form of government, but a matter of faith for India, said Modi, adding that collaboration is the central theme of all aspects of India’s government.

  • We have resolved to bring development to all. Our motto is collective effort for inclusive growth.
  • Our vision for growth and our mission is inclusive.
  • This inclusive view is the basis of every policy and every scheme of our government.
  • We are investing, working, creating in India. Exporting from it is much easier today than it was earlier.
  • We are getting rid of the licensing regime.
We are removing red tape and laying out the red carpet.
Narendra Modi, Prime Minister

Third Challenge: People's Inward Focus

People are getting increasingly inward-focused, said PM Modi, adding that globalisation is slowly losing its luster. We are seeing increasing protectionism, with new tariff and non-tariff barriers coming up along, and fall in cross-border trade and international supply chains across the world.

While protectionism is growing around the world, India has embraced Mahatma Gandhi’s ideology of opening up to the world and its diversity, he said.