Recently, Union minister Ashwini Vaishnaw addressed a session on India’s road to a $10-trillion economy at the World Economic Forum (WEF) in Davos. The annual meeting of WEF is taking place in Davos from January 16th until January 20th, 2023. The theme of this year’s summit is “Cooperation in a Fragmented World”.

 

India’s participation

  • This year marks 36 years of the Forum’s collaboration with India.
  • At the summit, India is represented by a high-level delegation which includes Union Ministers, Chief Ministers, Business leaders etc.
  • In line with this year’s WEF theme, “Cooperation in a Fragmented World”, India has reiterated its position as a resilient economy with a strong leadership providing stable policy to the global investors at the summit.
  • India’s focus areas at WEF this year are investment opportunities, infrastructural landscape and its inclusive & sustainable growth story.

 

About the ‘World Economic Forum’

  • The World Economic Forum is the international non-governmental organisation for Public-Private Cooperation.
    • It was founded in January 1971 by German engineer and economist Klaus Schwab.
  • The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas.
    • It has no independent decision-making power.
  • Headquarters — Cologny-Geneva, Switzerland.
  • Davos meet –
      • Annually, the WEF organises a meeting at the end of January in Davos, a mountain resort in Graubünden, in the eastern Alps region of Switzerland.
      • The Annual Meeting, also known as the Davos Agenda, has the objective of orienting global leaders on the imperatives of the year ahead.

 

Different reports published by WEF

  • WEF also produces a series of annual reports such as —
    • Global Competitiveness Report,
    • Global Information Technology Report,
    • Global Gender Gap Report,
    • Global Risks Report,
    • Global Travel and Tourism Report,
    • Financial Development Report and
    • Global Enabling Trade Report.