The annual World Economic Forum (WEF) meet of the rich and the powerful began on Monday with a special message from Pope Francis being read out at the opening ceremony. WEF Founder and Executive Chairman Klaus Schwab declared the summit open amid the ski-resort receiving record snowfall. Schwab welcomed members from business, politics, academia and media as well as the first timers with a round of applause. He also said all are here despite such weather as "we are all part of a community".
Prime Minister Narendra Modi landed in Zurich on Monday to attend the 48th annual meet of the World Economic Forum (WEF). He will deliver a speech at the opening plenary session in the World Economic Forum on Tuesday. It is expected that PM Modi will take the stage to reiterate India's role in the world economy. In a world order where the biggest economies dictate the rules and regulations, PM Modi will look to cementing India's position as one of the most dynamic and powerful economies.
11:55 AM: India is evolving, every single day you are seeing the excitement about India grow all across the world. The WEF represents business from all parts of the world who are looking at the big Indian opportunity, the big Indian market: Railway Minister Piyush Goyal
08:00 AM: Prime Minister Narendra Modi interacted with top CEOs. He spoke about India's economic development and the investment opportunities in India.
12.20am: The WEF meet of the rich and the powerful begins with a special message from Pope Francis being read out at the opening ceremony.
9.10pm: A WEF report says India will be the world's fastest-growing economy in 2018, with a projected growth rate of 7.4%. China will be in second place with an expected 6.6% expansion, slightly higher than previously thought.
India 7.4% 🇮🇳January 22, 2018
6.10pm: Prime Minister Narendra Modi's Office tweets picture of him being welcomed at Zurich, Switzerland.
6pm: PM Modi is hosting a dinner for CEOs of global companies, including India, tonight.
5.50pm: Prime Minister Narendra Modi is on way to Davos.
5.40pm: Prime Minister Narendra Modi landed in Zurich on Monday to attend the 48th annual meet of the World Economic Forum.
The existing and emerging challenges to the contemporary international system and global governance architecture deserve serious attention of leaders, governments, policy makers, corporates and civil societies around the world. @wef#IndiaMeansBusiness- Narendra Modi (@narendramodi) January 21, 2018
USA President Donald Trump, who was also slated to be part of the meeting, might not be able to make it, in the wake of the government shutdown in the country. Speculations were running rife on whether PM Modi would meet President Trump. However, newly appointed foreign secretary Vijay Gokhale mentioned that the two world leaders will not be there on the same day.
PM Modi tweeted, "The existing and emerging challenges to the contemporary international system and global governance architecture deserve serious attention of leaders, governments, policy makers, corporates and civil societies around the world." "In recent years, India's engagement with the outside world has become truly and effectively multi-dimensional covering the political, economic, people to people, security and other spheres," he added.
"At Davos, I look forward to sharing my vision for India's future engagement with the international community," PM Modi said.
PM Modi is the first prime minister in 20 years since Deve Gowda to attend the annual meeting.
With agency inputs