Davos (Switzerland): Prime Minister Narendra Modi inviting world investors to “Come to India” addressed the World Economic Forum - 2018 (WEF - 2018) in Swiss city Davos.

Addressing the investors, Modi who become the first Indian Prime Minister to attend the global meeting in 21-years aimed to present his country as a fast growing economy among the emerging economies in the world and it become $5 trillion Economy By 2025.

Before this, former prime minister HD Deve Gowda has attended the forum in 1997 and India GDP was a little over 400 billion dollars. It has grown six times since.

As per the reports of International Monetary Fund released on Monday said in its World Economic Outlook update that India is projected to grow at 7.4 per cent in 2018 as against China's 6.8 per cent following last year's slowdown due to demonetisation and the roll-out of the Goods and Services Tax (GST). In 2019, the IMF projected India growing at 7.8 per cent.

In his address recounting his government policies to encourage foreign investors to invest in the country, Modi said that over 1,400 laws were scrapped and the new path for foreign direct investment already opened.

"We have pledged to end license raj, we are removing red tape and laying out the red carpet," Modi said.

Modi’s address also includes biggest threats to the globalisation including listing climate change, terrorism and the inward-looking focus of some countries and he

Modi asked countries to come together to tackle three major threats ahead globalisation.