PM addresses WEF’s Davos Dialogue

Context

The Prime Minister Narendra Modi addressed the World Economic Forum’s Davos Dialogue via video conferencing.

Key-takeaways from the address

• PM Modi spoke on the ‘Fourth Industrial Revolution’. India has made rapid strides in four pillars of Industry 4.0 (or Fourth Industrial Revolution-using technology):
  • Connectivity
  • Automation
  • Artificial intelligence
  • real-time data
• He lauded India's efforts to fight the viral coronavirus disease outbreak and said that the country never gave up and kept moving ahead with pro-active approach and public participation.
• More than 400 top industry leaders from across the globe are attending the session.
  • Top global leaders included Chinese President Xi Jinping, German Chancellor Angela Merkel, Russian President Vladimir Putin, French President Emmanuel Macron and Israeli Premier Benjamin Netanyahu.

Davos Dialogue

• The Davos Dialogues agenda marks the launch of the World Economic Forum’s Great Reset Initiative in the post COVID world.
• The Dialogue Series on New Economic and Social Frontiers provides a space to identify such cutting-edge, forward-looking policy and business responses and supports objective, transparent policy-making and widespread understanding of the issues.
• The Davos World Economic Forum brings together business leaders, investors, politicians and journalists from across the globe to discuss current global economic and social issues.