tv Indian Prime Minister Modi at World Economic Forum CSPAN January 27, 2018 4:23am-5:21am EST
of the 2016 best-selling novel "the underground railroad." "zoneher novels include one," "sag harbor," and "the intuitionist." live frombruary 4, noon to 3:00 p.m. eastern on book tv. announcer: now, indian prime minister to render modi addresses the world economic forum in doubles, switzerland. he discusses climate change, terrorism, and growing protectionism. this is about an hour. [applause] minister, we've known each other for a number of years, but a very warm welcome to you on your first visit to davos. your presence here has a very
special significance, as it comes at an immensely important moment in time. aobally, we are moving toward multi-power, and i should also add, a greatly conceptual world, friction.points of in this seemingly fractured world, india presents a great image of dynamism, of optimism, and promise. india is the world's largest among crissy -- world's largest democracy. it will be the most populous country within the next decade. demographic,e rising tide of entrepreneurial spirit, breakthrough innovations
in many sectors, and remarkable and of the new leadership structural reforms have pushed s macroeconomic fundamentals and enhanced india's long-term economic outlook, and, of course, provides great investor opportunity. under new leadership, india is expanding its influence in a wide range of global initiatives, including climate agreements and the international -- rights. india is a guiding the world on how high tech neurological advancements such as space missions can coexist with
grassroots innovation, social appepreneurs, such as the which is greatly advancing india's digital payments. ndia's philosophy of the world is one family. [speaking hindi] you often quote it as closely -- and today we are all looking forward to hearing about your mission for india, for the world, and for india's role in the world. personally, i would like to thank you for your country's continue with support for nearly four decades, and as evidenced here in the room, for the strong
indian delegation, which has become a delegation of government businesses and for many projects and initiatives, we have your support and, ladies and gentlemen, please welcome his excellency, the honorable prime minister of india, narendra modi. [applause] the presidentency, of the federation. honorable heads of state and
government, founder and executive chairmen of the world economic forum, mr. klaus senior and imminent entrepreneurs, industrialists, and ceos from all over the world, my friends from the media, ladies and gentlemen, good morning. i am delighted to be here with you in davos for the 48th annual meeting of the world economic forum. tothe outset, i wish sincerely commend professor
clouse schwab for his initiative and for making the world economic forum a premier and global platform. as per his vision, he has also a very ambitious agenda, and the objective of his agenda is to improve the state of the world. and he has strongly linked his agenda with economic and political thought. ke to express my gratefulness to the government and people of switzerland for the warm welcome and gracious hospitality that has been extended to me. time an indianst
see the achievements of technology and the digital age, 1997, itsubject of it was something from an era gone by. today we are not just a networked society, but we are living in the world of big data and artificial intelligence. though --hat world -- the euro was not a currency yet and the asian financial crisis was nowhere on the horizon. there were no signs are indications of brexit. people hadry few
heard of osama bin laden. and harry potter was also an unknown name. at the time, computer programs were yet to seriously threaten human jobs. 1997, google was yet to be launched in cyberspace. in 1997, if you had done a search on the internet for the word amazon, most of the results would have been about a river or a thick jungle. tweeting was done only by birds, not by human beings.
that was the last century and later, wewo decades live in a world, we live in a networked ofis a many complex networks. diverse was ahead vos wascurve -- da ahead of the curve and this meeting was at indicator of the future. today, it's much ahead of the time. is creatinghe theme a shared future and a fractured world. ofans, in a world full
the balances, between economic inability and political power is changing a great speed. this, we can see and foresee far-reaching changes in the nature of this world. with respect to peace, stability, and security. is experiencing many new challenges. technology driven transformation is deeply influencing the way we live, the way we work, the way we behave, the way we talk to each other.
also influencing international groups, politics, economics. this technology driven world has influenced every aspect of our lives. has the ability to link, to bend, to break. responsibly,s these abilities and a very good example is in the use of social media. is the biggest asset . so much so that the global flow of data is creating the biggest opportunities and also the greatest challenges. we are teaming waiting mountains and mountains of data. is a race now to be able
to gain control of this data that heit is believed who is able to control the data, he is the one that will be able to dominate the world. way, in the area of cyber security and nuclear safety as well. the rapidly changing technology and the increase in destructive forces, has made our earlier challenges even more serious. science, technology, and economic progress have new dimensions as they have on the one hand the ability to show mankind different avenues that lead to prosperity and on the other hand, these changes are
lines and rifts that can inflict a very painful wound. changes are creating walls and barriers. the have made for humanity path to peace and prosperity. it's an uphill and arduous battle. divides,uctures, these to a lackiers are due of development. they are due to poverty, unemployment. they are due to a lack of opportunities. they're are also due to domination over natural and technical resources.
context, some important questions come to mind. these require some adequate answers for the legacy and the kind of world we leave for the future of humanity. it's our global order. is it widening these faultlines? is it increasing these defenses? what are the powers? difference to isolationism as opposed to harmony. they give preference to conflict over cooperation. are the means that we have available to us today, what are the paths that we can follow
to which weekend eliminate these risk -- we can eliminate these risks and differences? how can we eliminate these risks, these distances, and how can we realize the dream of a beautiful shared future? being a representative of india and indian nests and indian the subject ofe this forum, the theme of this form is as contemporary as it is timeless. because since time and we have onlyndia,
believed in linking people. nonbreaking them and not in dividing them. ago, in the years first scriptures written in sanskrit. said and mentioned by professor schwab in his speech, , all the thinkers said world is one family. us, weans that all of are linked together as one family. has a common thread.
it links all of us. ideology, it is today meaningful to eliminate all of these faultlines and distances. it is very relevant to us today. however, there is a very service matter that it are to fight the formula challenges that we face there is a lack of consensus between all of us. , there can bely on the one hand harmony and but there can also be some defenses, some fights.
this happens. but the sense of a family lies in the fact that when there is a common challenge the prevents -- presents itself, there is a feeling of solidarity and everyone comes together to fight it. through their solidarity, members of a family become stakeholders in sharing joy and achievements. but it's a matter of concern ,hat the divisions between us the risks and faultlines between us have made these challenges and mankind struggle against them all the more complex. and much harder. friends, the challenges that we face today are as numerous as they are daunting.
these are very widespread challenges. time, ie shortage of would just like to mention three main challenges. they pose the greatest threat to the survival of human civilization. the first threat is that of climate change. glaciers are receding, ice caps are melting in the arctic, many or are are thinking about to think. it is very hot at times and very cold at times.
heavy rainfall and floods or it can be dropped. we can see the influence of extreme weather conditions. these are already in evidence. the snow falling. most is more than a has been in the last 20 years. in this situation, we should have all come out of our limited, narrow confines and we should have demonstrated solidarity. but if we ask ourselves, it is why?n, and if not, then and what can we do what can we do together?
everyone talks about reducing carbon emissions. but there are very few people are countries back their words with the resources to help developing countries to adopt appropriate technology. very few come forward to help. you must have heard about the deep bond between indian traditions in nature. our culture, our conditions are often treated as fact. i'm talking about thousand years ago. mankind,scripture told but that.
the principal means stay in the world enjoy it but be frugal, etc. phthisis, and don't have agreed for somebody else's assets and wealth. gave consumption as needs among his principles. the father of our nation, us ama gandhi also gave trustee set of principles. he also told us to consume and enjoy per our needs. but he was categorically against greedy traditions.
this is really something we must think about. how can we move frugal consumption to need-based consumption instead of greed-based consumption. our behavior has deteriorated. we are only focusing on her own happiness. we have exploited nature and the plant for own desires. ourselves, has this been the element? or has been our downfall? this is an alarming glimpse of our selfishness. why does it not oblige us to introspect?
if we think about it, we will for the negative impacts on the environment, there is a perfect remedy. harmony between man and nature. that, the overall approach of indian tradition like yoga that resulted from this allopathy. they cannot only heal the fractures between the , but can alsod us give us physical, mental, and spiritual health. environment and fight climate change. my government has planned a very big campaign. it has given itself an ambitious objective. by the year 2022, in india, we
want to produce 175 gigawatts of renewable energy. this is a big target for a country like india. years, we haveee achieved 60 gigawatts. that means a third of our objective has artie been achieved by us. 2016, india and france had together. they envisioned a new international treaty-based organization. this is a successful exercise. alliancenational solar , after the necessary treaty, has now become a reality.
i am pleased that this year, in the month of march, on the joint invitation of the president macron of france and myself, all the countries will dissipate in the first summit of this alliance. challenge,biggest you are all well aware of in these concerns. also the increasing and changing nature of the serious threat posed to mankind all over the world. all governments of the world are well aware of the challenges. i don't want to go into the details and neither do i want to take up too much of your time on this topic. i want to focus on two aspects
related to terrorism. terrorism is dangerous but thelly dangerous is artificial distinction created between good and bad terrorists. secondly, the other serious contender aspect i wish to draw thatattention to, it is educated youth are being radicalized and getting involved in terrorism. forum will discuss solutions to the faultlines created by terrorism and violence and the serious challenges we are facing today.
i hope you will be able to find solutions. the third challenge, and when i look at this third challenge i see many societies and countries are becoming more and more focused on themselves. feels like the opposite of globalization is happening. impact of this kind considered.annot be it's less dangerous -- it is not less dangerous than climate
change or terrorism. everyone is talking about interconnected world. but we will have to accept the fact that globalization is slowly losing its luster. the ideals of the united nations are even today, it's excepted by all. the wto also has wide support. but these global organizations that were created after the , do they really reflect the aspirations and dreams of mankind? and the realities of today?
between the old systems of these organizations in these worlds, in particular. with respect to the needs of the developing countries. there is a very big gap that is evident. protectionism are raising their heads again. their intention is not only to ,void globalization themselves but they also want to reverse its natural flow. the result of all this is that we get to witness new types of terrorists and nontariff barriers. bilateral and multilateral trade havements and negotiations
come to a kind of standstill. nations have seen a decrease in cross-border financial investment. change as all.ly . the solution to this worrisome situation against globalization is not isolation. understandings an and accepting change. formulating flexible policies in line with the changing times. the father of the nation of india, the respected mahatma , i don't want the
world and the windows of my house closed from all directions. i want that the winds of cultures of all countries enter my house. with aplomb. and go out also. my feeds to bept uprooted by these winds. today has adopted this view and thinking of mahatma gandhi. confidenceomplete and fearlessness, it is welcoming this life partner like .ave from all over the world the democracy of india is the basic premise of our country's
stable, certain, unsustainable development. we are full of unlimited diversity in terms of culture, language, dressing styles, and food. just acy is not political system but a life you and a lifestyle. understandvery well the importance of a democratic environment and freedom in changing the plurality of diversity to a unity of cordiality, support, and resolution. india, democracy not only but alsoour diversity provides the required
environment, roadmap, and template for fulfilling the hopes, aspirations, and its locations of more than 1.2 5 billion indians and for their adequate development. and inclusiveues economic growth and development have the power to prepare and like al cracks life-saving are. 2014, 600 million voters of india for the first time in 30 tors gave absolute majority a single political party to form the government's in the center. to justnot resolved
about a limited six and of society or just a handful of people. we have resolved to bring development to all. the model of my government is collective efforts for inclusive growth. progress isor inclusive. our mission is also inclusive. is the basise view of every policy and every scheme of my government. about financial inclusion by opening bank accounts for tens of millions of people for the very first time or providing direct benefit transfer using digital technology for the poor and campaign for gender
which is saved the girl child, educate the girl child. we believe progress can because progress and development can truly be called development only when all can partake of it together. and what it is for everybody. about not merely bringing minor reform in our economic and social policies. we are bringing about radical changes. the path we have selected is of reform and transform. today, the way we are making our isnomy easy to invest into unprecedented.
reason that today investing in india, traveling to ,ndia, working in india manufacturing india, and exporting your products and services from india to wallow easierld has become much compared to earlier times. pledged to end the license regime from its roots. andre removing red tape laying the red carpet. economyll areas of our have been opened up for foreign direct investment. 90% of areas of
automatic are on the approval route. the central and state governments have together brought about hundreds of reforms. thatthan 1400 archaic laws were in obstacle in doing business and the daily lives of the common man have been abolished. this is been done in the last three years. with 1400ne away archaic laws and i'm sure you can imagine how much effort is -- how much effort is required in a democratic society to do this. time in many years, a single tax regime has
been and limited. extensive use of technology to increase transparency and accountability. the business community from all over the world has welcomed our resolve and efforts to transform india. and india -- in india, democracy, demography, and dina's -- dynamism are together. givingng development and shape to our destiny. control had restricted the capabilities of india and its youth. however, now the courageous policy decisions and effective
steps taken by our government has changed the situation radically. changesreaching and big that a taken place and are areed taking place in india the sacred song indicated that -- 1.25 of one point billion indians. to sing that song, i'm here amongst you all. the people of india and the use of india are capable of contributing to the building of a five trillion dollar economy by 2025. not just that.
innovation and entrepreneurship makes them job givers and not just jobseekers. how many moree paths will open up for them, for their country, and for your business. major leaders of the world. aware of thewell changes that are taking place in the world. the improvement of india's rankings and ratings. and the path we have chosen for the future. however, more than all these figures in numbers, one is important. it's that the people of india have welcomed our policy, our
initiative for breeding changes to the future, and the golden indicators of a bright future. giving of subsidies by their own well. or reinforcing faith in our policies and reforms in a democratic way at every election. there is so much more such evidence. all of these confirm widespread acceptance and support of these unprecedented changes in india. fractures ine many the many cracks in the world, it onnecessary that we focus multiple directions for our firstly, it is
necessary to the big powers of the world have cooperative relations amongst them. that a sense of competitiveness among the major nations of the world does not become a wall between them. we will have to set aside our differences to face the forlenges and work together the large vision. there is no way out. secondly, it has become even to adhere to a rules-based international order. time when things in the world change around us
and give rise to uncertainty adherence to international laws and regulations in the right spirit is important and necessary. thing is important int we need to bring reforms the major institutions of the world connected with politics, economy, and security. participation and democratization of these institutions must be done in line with the current situation. is weurth important thing tol need to bring more speed the economic progress of the world. regard, the recent
indicators of economic growth has been encouraging. technology and digital revolution brings about possibilities of such new solutions, which will help us in issues likel poverty and unemployment in a .ew way india has always extended a helping hand in such efforts. today and not just since his independence. times, it is from ancient that india has been party to provide support in facing in combating these challenges with
everybody. century, when the world had to go through to wardell crises without any and withoutctive any economic or territorial interest, india stood up for the ideals, ofof high peace, and of humanity. than 150,000 indian soldiers made their lives down. ideals for which after the establishment of the united nations, india has sendingted greatly by the largest number of troops to
view and peacekeeping operation. ideals ofe inspiration and power that encourages us to leap out, to help our friendly neighboring countries, and humankind in times of their crisis and that disasters area whether it's the earthquake in the pile or other natural calamities like floods, in all these areas, india has always considered its duty to provide help in the form of first responders. it then, when violence victimized that only indians but citizens of many
resources we used our and safely evacuated not only people but around 2000 of other countries out of yemen. despite being a developing nation itself, india has proactively cooperated in development cooperation and capacity building. whether it's any country in india,or neighbors of all the countries of southeast asia, all the specific -- pacific islands, the outline of our support in our projects are based on the priorities and needs of these countries. had any india has never political or geographical
ambitions. we would not exploit the natural resources of any country. in fact, we join hands with the country and along with that country, we bring about development in that country as per their priority. years of coexistence of diversity has resulted that today we believe in a multicultural world and a multipolar world order. proven that democracy, respect for diversity, cordiality, and coordination, get ridion, can indeed
of all disputes and cracks. this is a tried and tested peace, of india for stability, and development. it's not just this. stable, coherent, and progressive india will continue to be the good news in state of uncertainty in flux. india, were enormous diversity exists harmoniously, will always be a unifying and harmonizing force. not just for itself, and not just words country. the indian people and the fingers of india, the old sages of india, from ancient times,
have said this. all should be happy, all should be healthy, there should be welfare for all and there should be no sadness. this is my dream. this stream has been seen for thousands of years and they have also shown us how to obtain these ideals and how to realize these dreams. if you actually venture on, it's very easy. said, there are thousands of-year-old indian prayers. it means we should all get
together and work together. we should all step forward together so that our talent flourishes together. and we should work together so there are no grudges between us. india andpoet of nobel laureate from the previous imagined a heaven it,reedom and he set about when the world is not been broken up into fragments by narrow domestic war. together and create this heaven of freedom where cooperation and coordination is there. and not divided fracture.
there should be no place for divided fracture. together, get rid and make this whole world free of its cracks and unnecessary walls. you thaton all of india and indians consider the entire world its family. in many countries, there are people of indian origin. there are 30 million people of indian origin living in different parts of the world. when we consider the entire world our family, it means for the world also, we are your family. icq if you want wealth. if you want wellness along with wealth. you must come to india.
totality ineeking life, you must come to india. if you are seeking peace along with prosperity, and the answer is you must come to india. and knewcome to india always be welcome in india. i have been given this and i'm opportunity to interact with all of you. i would like to thank the world economic forum, and each one of you from the bottom of my heart. thank you ray much. the last day. [applause]