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00:00:01
>> The World Economic Forum looked East, kicking off the annual gathering Tuesday with a warning from Indian Prime Minister Narendra Modi.>> Many societies and countries are becoming more and more focused on themselves. It feels like the opposite of globalization is happening.>> Modi's speech to the world's elite, the first by a sitting Indian leader in 21 years, wasn't one of his best, says Reuters' Breakingviews Asia editor Una Galani, but it did deliver on two broad themes.
00:00:32
>> And the main message is, the first one was really that India is open for business. So come and set up your companies in India, we're cutting red tape, we're laying out the red carpet, was the phrase that he used. And the second message that he was really trying to get across to people was that the world really has to work together to ensure that globalization is not reversed.
00:00:54
>> I'm Conway Gittens in Davos. Modi had a clear message for US President Donald Trump, who is scheduled to speak here on Friday, although he did not mention Trump by name. The message, the world does not need to build any walls, especially the kind that would prohibit free trade or investment.
00:01:13
Modi's turn to shine a spotlight on the world's emerging economies contrasted that of last year's star speech from China's Xi Jinping.>> In the year that has passed since, we have really seen from China that that was really a lot of rhetoric rather than reality. They've put up the barriers themselves.
00:01:32
They've tried to stem the outflow of capital. Modi's message is a lot more credible.>> And he's brought more than a message. A couple of yoga specialists are here to teach daily classes in hopes of showing attendees that India is not just a good place for business, but also good to unwind after hours of talks and walks through the snow.