World Economic Forum

20th January, 2022 Economy

Figure 4: No Copyright Infringement Intended

Context:

Recently, Prime Minister had addressed the assembly of the World Economic Forum.

In the process of Covid19, India has saved many lives by exporting essential medicines and vaccines according to the vision of "One Earth, One Health".
As of December 31, 2021, India has shipped Rs 11.541.73 million Covid19 vaccines to 97 countries.
India is the third largest pharmaceutical company in the world and is considered the "pharmacy of the world".

At the Global Forum (UNFCCC COP 26), he proposed the idea of a "P3 (ProPlanetPeople) Movement" that emphasizes India's commitment to climate change.
Reaffirmed India's "clean, green, sustainable and reliable" energy goals with the goal of achieving Net zero's carbon emissions targets by 2070.
Making LIFE (a lifestyle for the environment given by the Prime Minister of India at the UNFCCC COP 26 Conference) a mass movement can be a strong foundation for P3.
LIFE is a vision of a resilient and sustainable lifestyle that helps address climate crises and other unpredictable future challenges.

Physical and digital infrastructure, such as fiber optics in the village of 60,000 rupees, has invested $ 1.3 trillion in connectivity-related infrastructure with the aim of generating $ 80 billion through monetization of assets.
The Gatishakti National Master Plan brings all stakeholders together in one platform, giving new momentum to seamless connectivity of products, people and services.
Today, India has the world's largest, safest and most successful digital payment platform.
In December 2021, 4 billion transactions were processed through the Unified Payments Interface (UPI) in India.
Technology solutions such as Arogya SetuApp for tracking corona infections and CoWin Portal for vaccination.

India as an investment destination:

Recently, the government has taken various reform measures, including: eliminating retroactive taxation, reducing compliance requirements, and simplifying the corporate tax rate structure make it the best investment destination today.
Last year alone, India reduced compliance by more than 25,000. Today, India has the third largest number of unicorns in the world.
Over 10,000 startups have been registered in the last 6 months. India promotes business ease and minimizes government intervention.
This policy focuses on the needs of the next 25 years for "clean, green" and "sustainable and reliable"

The situation was different when these institutions were The situation is different today.
Therefore, it is the responsibility of all democracies to promote the reform of these institutions so that they can meet current and future challenges.

Collective and synchronous action by all countries and all global agencies is required.
Examples include supply chain disruptions, inflation and climate change. Another example is cryptocurrency.
The types of technology involved, the choices made by a single country, are not sufficient to meet that challenge.