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WEF Chief praises PM Modi's 'Sabka Saath, Sabka Vikas' credo

ANI  |  New Delhi [India] 

Founder and of the World Economic Forum, Klaus on Tuesday lauded Modi's credo of "Sabka Saath, Sabka Vikas" and asserted that will play a greater role in shaping the future of global economy.

"India's extraordinary achievements corroborate that the country possesses a robust institutional mechanism for deftly counterbalancing pervasive diversity while projecting a single identity," said in an article written for the Modi App.

He expressed delight to host the at the annual summit and praised India's efforts, saying that the country will play a great role at the global economic front.

"will undoubtedly have a great role and influence in shaping our common future by enriching the global policy debate as well as assisting in designing and developing better policies for a prosperous world," said.

The annual meeting 2018 of the will be held from January 23 to 26 at in with the theme of 'Creating a Shared Future in a Fractured World'.

"presents an image of optimism and promise.

Its unique demographic dividend, rising tide of entrepreneurial spirit, breakthrough innovations across sectors, and remarkable pace of bold and structural reforms have boosted the macroeconomic fundamentals and enhanced India's long-term economic outlook," wrote.

He also appreciated expanding its leadership in a wide range of global initiatives.

further notes India's leading role in the climate agreement and International Solar Alliance, efforts to become a of the and the

The feels that it demonstrate a quest for a more pivotal role in global geo-politics and a relentless pursuit of a renewed international identity akin to its potential as a

He goes on to add that this is "a fact which bears important lessons for the world struggling to find equilibrium and move towards a harmonious multiconceptual existence."

"The time is right for to amplify its global influence and accelerate the development of robust and resilient economic, social and political foundations," he concluded.

The event which will showcase opportunities in as well as make the world familiar with the Indian heritage, will be attended by several top government officials.

Finance Minister, Arun Jaitley; Minister of Commerce and Industry, Suresh Prabhu; Rail and Coal Minister, Piyush Goyal; Petroleum and Natural Gas Minister, Dharmendra Pradhan; among others will be present at the

The Ministers will represent in around 25 sessions organized on Next Generation Industrial Strategies, Infrastructure acceleration, Fourth Industrial Revolution, Future of employment in manufacturing and production.

They will further elaborate on the Prime Minister's vision of transforming the nation into 'New India' by 2022.

11 roundtable meetings will also be organised by 'Invest India' and (CII) with existing and potential investors.

Others likely to be present at are along with a number of his cabinet colleagues, as well as People's Party

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, January 09 2018. 22:11 IST