Indian business leaders wowed by Modi’s Davos address

Indian entrepreneurs at the World Economic Forum (WEF) annual meeting in Davos expressed delight over Prime Minister Narendra Modi's address at the plenary session.

Talking to ANI, co-founder and owner of SpiceJet Ajay Singh said, "Prime Minister Modi spoke about a new India, which was about Digital India, importance of big data, Artificial Intelligence (AI). He has definitely walked the talk.

"Largely he mentioned the Goods and Services Tax (GST), a reform which has been in the works for the longest time but has been implemented by this government. He spoke about how demonetisation has helped. This government is not scared to adopt large reforms," Singh said.

Chief executive and co-founder of Paytm Vijay Shekhar Sharma said, "The next decade belongs to India. Technology, financial reforms, transparency; India has never had a better government than the one in power."

Managing director of the Dalmia Bharat Group Puneet Dalmiya also lauded the reforms undertaken by the Modi-led National Democratic Alliance (NDA) government.

"I think it was a very statesman-like speech. The Prime Minister has shown that India has the potential to articulate solutions to the problems that the world is facing. India has a model which can be a model," Dalmiya told ANI.

Earlier, Prime Minister Narendra Modi, while delivering the keynote address, said that data is the real wealth.

"Today, data is a real wealth and it is being said that whoever acquires and controls the data will have hegemony in the future. The global flow of data is creating big opportunities as well as challenges," Prime Minister Modi had said.

He added that technology-driven transformation has been deeply affecting people's way of thinking, working, international groups, politics, and economy.

Talking about social media, Prime Minister Modi said, "The example of breaking, addition, and twisting of technology is being seen in the form of social media.

"The balance of economic strength and political power is changing due to new changes and new powers," Prime Minister Modi concluded.