{"id":736,"date":"2018-01-23T18:45:05","date_gmt":"2018-01-23T13:15:05","guid":{"rendered":"http:\/\/www.oyspa.com\/blog\/?p=736"},"modified":"2018-01-23T18:45:05","modified_gmt":"2018-01-23T13:15:05","slug":"modi-in-davos","status":"publish","type":"post","link":"https:\/\/www.oyspa.com\/blog\/news\/modi-in-davos\/","title":{"rendered":"PM Modi in Davos || India set sights on $5 trillion economy by 2025 || Watch Full Speech"},"content":{"rendered":"<p>India is working toward a five trillion dollar economy by 2025, Prime Minister Narendra Modi said today at the opening session of the World Economic Forum in Davos. <\/p>\n<p>Watch Video : <\/p>\n<p><iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/U5SYhMBaSRk\" frameborder=\"0\" allow=\"autoplay; encrypted-media\" allowfullscreen><\/iframe><\/p>\n<p>&#8220;Almost all areas of our economy have been opened to foreign direct investment,&#8221; said Modi, the first Indian prime minister in two decades to attend the forum of global business and political leaders. &#8220;More than 1400 archaic laws that were an obstacle to doing business&#8221; have been abolished in the last three years, he said. <\/p>\n<p>&#8220;India is removing the red tape and laying out the red carpet,&#8221; he said. Modi also listed climate change, terrorism and inward-looking focus of some nations as the greatest threats to the world. <\/p>\n<p>Modi is spearheading efforts to attract foreign investment to kick start growth in the Asia&#8217;s third-largest economy which is forecast to expand at a three-year low. <\/p>\n<p>Sweeping policy changes, including a ban of high denomination currency bills and a botched good and services tax roll out, have imperiled revenues and placed further strain on the region&#8217;s widest budget deficit. <\/p>\n<p>On the promise of cutting graft and creating jobs, Modi was voted to power in 2014 with the biggest mandate in three decades. He got a shot in arm when Moody&#8217;s upgraded India for the first time in 14 years and was further buoyed when India made it into the top 100 in the World Bank&#8217;s Doing Business rankings last year, narrowing gap with competitor China. The annual budget on February 1 is his next opportunity to revive growth. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>India is working toward a five trillion dollar economy by 2025, Prime Minister Narendra Modi said today at the opening 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