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Davos 2018: India is all set for a much bigger role

Narendra Modi is the first Prime Minister in two decades to attend the World Economic Forum in Davos, and during his keynote speech the prime minister is expected to announce his vision for India to take on a much bigger role in global affairs, reports indicate.

Modi is also believed to announce India's decision to welcome more foreign investments, which will aid in India's growth to become one of the strongest economies in the world.


This comes just days after the Centre for Economics and Business Research, a London-based consultancy, revealed that India was on the path to become the fifth largest economy in 2018.

India is set to move up to the third spot by 2032, overtaking United Kingdom and France, the report said. Digital revolution will be one of the factors that will aid India's economic growth.

Interestingly, British brokerage HSBC feels it will take India only 10 years to reach the third spot, provided it was consistent in reforms, and focused more on the social sector.

“In over the next ten years, India will likely surpass Germany and Japan to become the world’s third largest economy in nominal USD and the transition will happen even more quickly on a PPP [purchasing power parity] basis,” HSBC's economists said.

India as a Leader

Union Minister Piyush Goyal on Tuesday told news agency PTI on the sidelines of the World Economic Forum that it saw India's role at international platform transforming into a world leader that will be called upon to solve problems of a "fractured world."

"Going forward, India's role in the world economy, in the social tensions and in the fight against terrorism and climate change is only going to grow," Goyal said, adding that Modi's personal popularity has resulted in him emerging as a leader whom everyone looks up to fore leadership.

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Modi set for UK visit to sign free trade agreement

FILE PHOTO: Keir Starmer (L) with Narendra Modi. (Photo: Getty Images)

Modi set for UK visit to sign free trade agreement

INDIA's prime minister Narendra Modi is likely to travel to the UK by the end of this month for a visit that could see both sides formally sign the landmark India-UK free trade agreement and explore ways to expand bilateral ties in the defence and security sphere, diplomatic sources said.

Both sides are in the process of finalising the dates for Modi's visit to the country by the end of July or the first part of August, they said.

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FORMER prime minister Rishi Sunak has returned to the banking world as senior adviser at Goldman Sachs group, with plans to donate his salary to the education charity he recently established with his wife Akshata Murty.

The US-headquartered multinational investment bank, where Sunak worked before entering politics, made the announcement on Tuesday (8) after the requisite 12-month period elapsed since the British Indian leader's ministerial term concluded following defeat in the general election on July 4 last year.

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Post Office scandal linked to 13 suicides, says inquiry

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  • Horizon IT system faults led to false accusations, financial ruin, and imprisonment.
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  • Sir Wyn Williams says Post Office maintained a “fiction” of accurate data despite known faults.

A PUBLIC inquiry has found that up to 13 people may have taken their own lives after being wrongly accused of financial misconduct by the Post Office, in what is now described as one of the worst miscarriages of justice in British history.

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UK ramps up drought response following driest spring since 1893

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  • Spring 2025 was England’s driest and warmest in over 130 years
  • Reservoirs across England only 77% full, compared to 93% average
  • Environment Agency increases monitoring and drought planning
  • North-west England officially declared in drought

Water conservation measures stepped up ahead of summer

The UK government has increased efforts to manage water resources after confirming that England experienced its driest and warmest spring since 1893. The Environment Agency (EA) reported that reservoirs were on average only 77% full, significantly lower than the usual 93% for this time of year.

The announcement came after a National Drought Group meeting on Thursday, which reviewed the impact of continued dry weather on crops, canal navigation, and river flows. Poor grass growth and dry soil conditions were noted as threats to food production and livestock feed.

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Former minister, Thatcher ally Norman Tebbit dies at 94

Norman Tebbit, a close ally of former British prime minister Margaret Thatcher and a former Conservative Party cabinet minister, has died at the age of 94. His son William confirmed the news on Tuesday.

"At 11:15 pm on 7th July, 2025, Lord Tebbit died peacefully at home aged 94," William Tebbit said in a statement.

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