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India an image of promise, reforms have boosted economic

Press Trust of India  |  New Delhi 

presents an image of promise and the remarkable pace of "bold and structural" reforms have boosted its macroeconomic fundamentals while enhancing long- term economic outlook, of the World Economic Forum Klaus has said.

In an article, said that "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."

The article, part of meeting, was retweeted by Modi from his personal handle @narendramodi.

The Annual Meeting 2018 will take place later this month in Davos-Klosters, Switzerland, under the theme 'Creating a Shared Future in a Fractured World'.

expressed delight at hosting Modi at the annual summit of the WEF at

Modi will travel to on January 22 on a two-day visit during which he will deliver the keynote address at the plenary session of the WEF.

Schwab noted that Modi is the first from to attend the meeting in the last two decades.

He wrote that, "India 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," Schwab wrote.

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

Schwab noted that India's leading role at the climate agreement and International Solar Alliance, and efforts to become a of the UN Security Council and the demonstrate a quest for a more pivotal role in global geopolitics.

Praising Modi's credo of 'Sabka Saath, Sabka Vikas', Schwab said India's extraordinary achievements "corroborate that the country possesses a robust institutional mechanism for deftly counterbalancing pervasive diversity while projecting a single identity.

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

First Published: Tue, January 09 2018. 22:40 IST