Modi goes millennial, warns Denmark of ‘FOMO’ if it doesn’t invest in India

Prime Minister Narendra Modi, during his visit to Denmark, as part of his three-nation visit to Europe said those who aren’t investing in India are missing out. 

Modi noted, “These days the term FOMO or ‘fear of missing out’ is gaining traction on social media. Looking at India’s reforms and investment opportunities, I can say that those who don’t invest in our nation will certainly miss out”, The Times of India reported. 

FOMO is a feeling of anxiety that something exciting is happening elsewhere that the individual is missing out on. 

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His statement comes amid the PM’s urging of Danish companies and pension funds to invest in India’s infrastructure sector and green industries. Noting that 200 Danish companies are already present in India, Modi and Danish counterpart Mette Frederiksen turned to Danish investments in India, especially, in the renewable energy, water, terminals and port modernisation and expansion, food processing and engineering sectors and India’s investments in Denmark, especially in the Information Technology sector.

Business is on Modi’s agenda, with the move towards green technology having been addressed. The two nations have enjoyed profitable bilateral trade in products and services. While it was estimated to be $2.8 billion in 2016, the amount had gone up 78% to $5 billion in 2021. 

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With Modi’s ‘Make in India’ initiative, which facilitates investment, the PM has managed to attract many countries. Some of the major players who do well in India include the United States, Japan, the United Arab Emirates, Germany, and France. 

Though Denmark hasn’t been a major trade partner, it has sought to alter relations with New Delhi, choosing to invest in niche sustainable energy and maritime sector. In Modi’s first foreign visit of the year, the Indian PM has sought to ramp up investments, while also urging for an immediate ceasefire and a diplomatic solution to Russia’s problem with Ukraine.