World Economic Forum’s Virtual Davos Agenda Summit 2022.

Why in news?

• Prime Minister Narendra Modi addressed the Davos Agenda virtually and stated about COVID-19, Environment change, cryptocurrency and other reforms and initiatives taken by the Indian government for ease of doing business.
• The theme of the event is “The State of the World.”

Important Facts Mentioned by PM Modi:

• India constitutes 70 percent of the global population, but it takes up power commission of only 5 percent.
• In December 2021 alone, more than 4.4 billion transactions have been done through UPI (Unified Payments Interface) in India.
• India is the world’s 3rd largest pharma producer.
• More than 50 lakh software developers are working in India. Currently, India has the 3rd largest number of Unicorns in the world. More than 10 thousand start-ups have been registered in the last 6 months.
• He introduced the ‘P3 (Pro-Planet People) movement’ that underlines India’s climate change commitments.
• He recalled the idea of ‘Mission L.I.F.E (Lifestyle for Environment)’, which was introduced by him at the COP26 (26th Conference of Parties) climate summit in 2021.