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Technology: PM highlights software engineering power to Davos Forum delegates

Fiinews by Fiinews
January 19, 2022
in Economy, Technology
Reading Time: 3 mins read
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The Prime Minister Narendra Modi addressing the World Economic Forum on 17 Jan 2022 virtually.

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Imperative for every nation to push for reforms for the present and future, says Modi

India is providing a record number of software engineers while more than 50 lakh software developers are working in India and over 10,000 startups have registered in the last six months in the country, Prime Minister Narendra Modi said in a ‘State of the World’ address to the World Economic Forum’s Davos Agenda on 17 Jan 2022.

He has also highlighted India’s huge, safe and successful digital payments platform, pointing out that more than 4.4 billion transections took place through Unified Payments Interface last month.

The Prime Minister also underlined India’s commitment to become world’s reliable partner in global supply-chains and is making way for free trade agreements with many countries.

India’s capabilities in innovation, technology adaptation and entrepreneurship spirit makes India an ideal global partner. This is why it is the best time to invest in India, he said.

India is making policies keeping in mind the goals of next 25 years. In this time period, the country has kept the goals of high growth and saturation of welfare and wellness. This period of growth will be green, clean, sustainable as well as reliable, the Prime Minister emphasized.

“It is imperative to rapidly move from today’s ‘take-make-use-dispose’ economy to a circular economy”, he stressed.

Referring to the Mission LIFE, that he gave at the CoP26 conference, the Prime Minister said that making LIFE into a mass movement can be a strong foundation for P-3 i.e ‘Pro Planet People’. LIFE i.e. ‘Lifestyle for Environment’, is a vision of resilient and sustainable lifestyle that will come handy in dealing with the climate crisis and other unpredictable challenges of the future.

Modi also told the forum about India’s impressive record in achieving the climate target well in advance of the target dates.

The Prime Minister emphasized the need to adopt as per the changing realities of the world order.

Noting that the global family is facing fresh challenges in the changing world order, he called for collective and synchronized action from every country and global agency.

Modi cited supply chain disruptions, inflation and climate change as key examples.

He also gave example of cryptocurrency where related technologies and their challenges do not lend themselves to the decisions of any single country. He called all to be on one page on this.

He asked whether the multilateral organizations are in a position to tackle the challenges of the world order in a changed scenario, as the world has changed from the time when these organization came into being.

“That is why, it is imperative that every democratic nation should push for reforms of these bodies so that they can come up to the task dealing with the challenges of the present and the future,” he told the forum. fiinews.com

Tags: The Prime Minister's Office
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