India’s Economic Progress Under PM Modi Draws Global Attention at Davos, Says Ashwini Vaishnaw

India’s economic transformation under Prime Minister Narendra Modi has emerged as a key topic of discussion among global leaders at the World Economic Forum in Davos, Switzerland, Union Minister Ashwini Vaishnaw said on Wednesday (IST).

Speaking from Davos 2026, Vaishnaw said the Indian delegation is actively participating in all major meetings to present India’s development model, which combines cutting-edge technology with inclusive growth. He noted that India’s presence is being strongly felt across forums, with sustained interest in the country’s growth trajectory and policy direction.

“Today, the Indian delegation is participating actively in Davos 2026 and all major events here. I am joined by Maharashtra Chief Minister Devendra Fadnavis,” Vaishnaw said. “India’s development and economic growth under Prime Minister Narendra Modi are taking centre stage. The leadership role India is playing in technology, along with its focus on growth that benefits all sections of society, is being discussed widely.”

Meanwhile, the US Department of State announced that the inaugural Critical Minerals Ministerial will be held on February 4, chaired by US Secretary of State Marco Rubio. The ministerial aims to strengthen global cooperation on critical mineral supply chains, which Washington views as essential for economic security, technological leadership, and the energy transition.

In a post on X, the State Department said the meeting would focus on building reliable, resilient, and diversified supply chains amid growing concerns over concentration, disruptions, and potential manipulation.

India was represented at the Davos summit by Ashwini Vaishnaw, who holds the portfolios of Railways, Information and Broadcasting, and Electronics and Information Technology. Senior US officials, including US Trade Representative Jamieson Greer and Export-Import Bank President and Chairman John Jovanovic, also took part in the discussions, along with private-sector representatives.

Participants underscored the urgent need to address vulnerabilities in global critical mineral supply chains. The United States outlined steps already taken, as well as planned investments, to strengthen secure and diversified access to critical minerals in partnership with other countries.