US India Global Review 2018

37 US-INDIA GLOBAL REVIEW APRIL-JUNE 2018 Rossow said he would like to see India "take a real interest in integrating with the rest of the world," even as Somers said Modi's declarations in favor of globalization and against protec- tionism were seen favorably by American industry leaders like Jamie Dimon of JP Morgan Chase, and Lloyd Blankfein of Goldman Sachs. "They are cele- brating that this populist leader is calling for globalization and rais- ing people out of poverty around the globe," Somers said. Praising Modi's "personal touch" and face time with foreign leaders and business executives, which were "great" as always, Rossow said the main concern going forward is that the United States "keeps trade concerns in one bucket and security concerns in another" visa-a-vis India. At a recent Asia Society meet- ing in New York City, entitled, India 2018, Alyssa Ayres of the Council on Foreign Relations, said "Don't let anyone tell you India can't become global." News India Times publisher, Dr. Sudhir Parikh, recipient of India's Padma Shri award, who recently announced the formation of the Parikh Foundation for India's Global Development, said Modi opening the plenary session was a matter of great pride for India. "He told the world India is ready to be a world leader and that he is for globalization, and that India was open for business," Parikh said. He pointed to the more attractive foreign direct investment regulations announced by New Delhi as proof of the continuing liberalization. Last year, Chinese President Xi Jin Ping was the star of Davos. Contrasting him and Modi, Somers said, "Xi Jin Ping can say anything he wants but you can't even use Google in China." Even if Modi had just said 'Namaste' (at Davos), it would have been impor- tant, but he went further than that, Somers said. "... when a Prime Minister is able to call for global- ization and free markets, when a leader says ... let's open our bor- ders, let's get more engaged, let's not look inwards, it's a declaration and call for action," Somers reiter- ated. After Modi's meeting with the International Business Council, where Indian-American CEOS like Satya Nadella of Microsoft, were also present, the Indian Ministry of External Affairs tweeted Modi's words - "the world applauds 1.3 billion people of India at the WEF in Davos, and appreciate the remarkable transformation in improving the business climate." India Reactions Modi has taken a "pro-active" role on the global stage, "Right now, it's about trying to shape things, not take leadership," said C. Raja Mohan of Carnegie Endowment, India. "India now presents a more attractive picture in terms of economic growth," he added. Some CEOs especially those from India, liked what they heard from Modi. Uday Kotak, managing director, Kotak Mahindra Bank, is quoted saying in that he was "enthused" by Modi's position on protectionism. "His statement that we're making the world narrow by going for protec- tionism, and that it is here that India will stand out was a big statement ... . It was all about environment, call for inclusive- ness, and anti-protectionism. So in essence he hit all the right but- tons," Kotak is quoted saying. Mahindra Group Chairman Anand Mahindra, tweeted, "Every global CEO was floored by the personal touches in your hospitali- ty. I am proud to be on the board of Invest India." Ajay Singh, chairman and man- aging director of SpiceJet, noted Modi had juxtaposed the wisdom of old India with the new India of digital, big data, and artificial intel- ligence. PM Narendra Modi in Davos. Photo: Reuters/ Denis Balibouse Ela Dutt | Editor, Parikh Worldwide Media