JOHANNESBURG: Prime Minister Narendra Modi on Friday said the virtual revolution has presented new alternatives to the members of the Brics grouping and other rising economies and it is very important to spend money on artificial intelligence and large knowledge analytics to reap the advantages.
Addressing the Brics Outreach Session right here, Modi referred to as for more funding in the virtual infrastructure and talent development in the space of digitisation.
"Today we are once again at the historic turning point. Thanks to digital revolution, new opportunities are emerging for us and that is the reason why it is necessary that we be completely ready for the changes that will come out through AI and big data analytics," he said.
Emphasising on India's historic and deep links with Africa, the Prime Minister said his govt has accorded the absolute best priority towards keeping up peace, freedom and development in Africa.
India's ties with Africa are time-tested and the Government of India has deepened its engagement with the continent he said.
"Economic and development cooperation between India and Africa have touched new heights," Modi said on the meeting, additionally attended via Chinese President Xi Jinping, Russian President Vladimir Putin, South African President Cyril Ramaphosa and Brazilian President Michel Temer.
The Prime Minister said in the last 4 years, more the 100 bilateral talks and visits on the level of head of states and govt have taken place which has taken bilateral cooperation and economic ties to a brand new level.
He said 118 strains of credit score price $11 billion had been prolonged to over 40 African nations.
PM Modi said that India welcomes the hassle for regional economic integration via the nations in Africa.
He said loose trade and commerce in the last 3 many years has helped masses of tens of millions people pop out of poverty.
To take the advantages of globalisation to them is an important activity, he said.
Highlighting the demanding situations of globalisation, the Prime Minister said that inclusive development must remain on the core of all efforts.
He said after the monetary disaster of 2008, the threats of protectionism are hovering over this elementary aspect of the globalisation.
"The most profound effect of decrease in growth rate has been felt by countries such us ours who could not gain from the industrial progress made during the colonial time," the high minister said.
PM Modi said India will continue to proportion its stories and learning underneath the South-South co-operation.
He said that while addressing Uganda's Parliament this week he had outlined the 10 ideas for India's engagement with African international locations.
This 10 ideas, he said, formulated as consistent with the wishes of Africa are the tips for the development and strengthening of India's ties with the continent.
He additionally famous that African students come to India to study and likewise receive Indian scholarships.
Addressing the Brics Outreach Session right here, Modi referred to as for more funding in the virtual infrastructure and talent development in the space of digitisation.
"Today we are once again at the historic turning point. Thanks to digital revolution, new opportunities are emerging for us and that is the reason why it is necessary that we be completely ready for the changes that will come out through AI and big data analytics," he said.
Emphasising on India's historic and deep links with Africa, the Prime Minister said his govt has accorded the absolute best priority towards keeping up peace, freedom and development in Africa.
India's ties with Africa are time-tested and the Government of India has deepened its engagement with the continent he said.
"Economic and development cooperation between India and Africa have touched new heights," Modi said on the meeting, additionally attended via Chinese President Xi Jinping, Russian President Vladimir Putin, South African President Cyril Ramaphosa and Brazilian President Michel Temer.
The Prime Minister said in the last 4 years, more the 100 bilateral talks and visits on the level of head of states and govt have taken place which has taken bilateral cooperation and economic ties to a brand new level.
He said 118 strains of credit score price $11 billion had been prolonged to over 40 African nations.
PM Modi said that India welcomes the hassle for regional economic integration via the nations in Africa.
He said loose trade and commerce in the last 3 many years has helped masses of tens of millions people pop out of poverty.
To take the advantages of globalisation to them is an important activity, he said.
Highlighting the demanding situations of globalisation, the Prime Minister said that inclusive development must remain on the core of all efforts.
He said after the monetary disaster of 2008, the threats of protectionism are hovering over this elementary aspect of the globalisation.
"The most profound effect of decrease in growth rate has been felt by countries such us ours who could not gain from the industrial progress made during the colonial time," the high minister said.
PM Modi said India will continue to proportion its stories and learning underneath the South-South co-operation.
He said that while addressing Uganda's Parliament this week he had outlined the 10 ideas for India's engagement with African international locations.
This 10 ideas, he said, formulated as consistent with the wishes of Africa are the tips for the development and strengthening of India's ties with the continent.
He additionally famous that African students come to India to study and likewise receive Indian scholarships.
Investment in digital infrastructure crucial for emerging economies: PM Modi
![Investment in digital infrastructure crucial for emerging economies: PM Modi]()
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July 27, 2018
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