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India has a major stake in global dialogues

India has a major stake in global dialogues

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  21 Jan 2018 12:00 AM GMT

By Amit Kapoor & Bhaw Kakkar

India is putting together this year its largest entourage of ministers, policymakers and business leaders for the World Economic Forum's annual meeting at Davos — with the Prime Minister addressing the opening plery session at the prime event. The Davos meeting marks attendance of the richest and most powerful among the elite from across the world to discuss global economics and politics. This year's theme is "Creating a shared future in a fractured world", highlighting the need for collaborative and integrated action to address the multitudil scale of challenges our world faces.

Forums with intertiol repute evolve over a period of time, just like other organisations. The World Economic Forum (WEF) too has widened its ambit since 1971 — from discussions limited to global economic change to include political and social change as well. This broadening has been brought by an emphasis on dialogue and consensus between conflicting agendas.

The growing unification within the world economy has helped India establish itself as an emerging market economy to a considerable extent. With elite economic powers now recognising India's presence worldwide in major sectors, it is useful to understand the stature of our participation in forums at the global level in view of erratic global developments. With recent economic reforms as the background and the Goods & Services Tax (GST) and demonetisation as the front-runners, Prime Minister rendra Modi is expected to echo his vision of a new and transformed India by 2022 at this global stage while taking on issues relating to economic imbalances, terrorism and cyber threats. He is the chief marketing person of India's rrative on tiol and foreign policies, entrusted with the responsibility of making sure that the message is received.

This move comes at a time when there's optimism surrounding the Indian sentiment towards economic growth and social advancement. The insightful interactions with top-notch world leaders at forums like the WEF make room for some of the best learnings and showcasing one's own experiences to foster greater connectivity and cordial relations.

While targeting global forums, India can lay out its position in today's world order; represent the willingness to take the lead and send out a categorical message across the global community regarding the creation of a conducive environment for doing business, and emerge as a potential partner in steering global economic growth.

Reflecting upon this view, the government is preparing for the commemorative two-day Indo-ASEAN (Association of Southeast Asian tions) summit to be led by rendra Modi in Delhi on from January 25. The summit will see the participation of all 10 ASEAN countries. This can prove to be an opportunity for our country to present itself as a powerful confederate to these countries in areas of strategic regiol connectivity and target global positioning as well.

There are several other platforms even at the tiol level, like the tiol Competitiveness Forum, aiming to drive India's productivity, competitiveness and leadership in global markets through its activities, and Thinkers Sandbox, a thought leadership platform, to me a few. Forums like these can help our country commandeer a resilient rrative both tiolly and intertiolly. (IANS)

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