The World Economic Forum is best known for its Annual Meeting in Davos-Klosters
Over 3,000 world leaders from business, politics, art, academia and civil society will attend the 48th World Economic Forum (WEF) Annual Meeting over the five-day event in the Swiss ski resort town of Davos. The World Economic Forum is best known for its Annual Meeting in Davos-Klosters. Through the years, numerous business, government and civil society leaders have made their way to the high Alps to consider the major global issues of the day and to brainstorm on solutions to address these challenges. The Indian presence will be the largest ever with over 130 participants. In his plenary address, PM Modi said called for countries to unite to tackle what he called the three big challenges that the world faces - "climate change, terrorism and an increased self-centredness."
Here are the latest updates from the annual WEF meeting being held in Davos:
HCC chairman Ajit Gulabchand welcomes US President Donald Trump's speech at World Economic Forum
US President Donald Trump's Davos speech was about the strength of US economy: BBC's Sally Bundock
Fundamentals of Indian economy good but agriculture sector remains a concern: Joseph Stiglitz to NDTV
Global economy doing better than last year: Nobel-prize winning economist Joseph Stiglitz to NDTV
US President Donald Trump's speech at WEF 'better than what it could have been': Nobel Laureate and economist Professor Robert Shiller to NDTV
"After years of stagnation, the US is once again experiencing strong economic growth... America is open for business and we are competitive once again," says US President Donald Trump, speaking at the closing session of World Economic Forum in Davos.
"We are lifting people from dependents to independents," says US President Donald Trump.
After years of stagnation, the US once again experiencing strong economic growth: US President Donald Trump in Davos
No country should be held hostage to a single provider of energy, says US President Donald Trump
"America first does not mean America alone... When US grows, the world grows," says US President Donald Trump, speaking at the closing session of the World Economic Forum 2018 in Davos.
Will always put America first just like leaders of other nations should put their nations first, says US President Donald Trump
Never been a better time to hire, build, invest, grow in US: President Donald Trump
America Open For Business, Says Donald Trump
"We are competitive once again; we have just enacted the most significant tax reform," the US President said.
America hopes for a future in which everyone can prosper: US President Donald Trump at World Economic Forum, Davos
World Economic Forum founder and executive chairman Klaus Schwab welcomes US President Donald Trump to stage
US President Donald Trump to shortly addresses closing session of World Economic Forum at Davos
UDAN Routes 'Financially Viable' Without Viability Gap Funds: Ajay Singh
Terming the government's regional air connectivity scheme UDAN a big success, SpiceJet chief Ajay Singh has said the airline has not taken the viability gap funding so far as the routes operated by it under the scheme are financially viable on their own. (Read more
Dodging Bad Headlines, US President Donald Trump Turns Salesman-In-Chief At Davos
President Donald Trump will take a turn as America's salesman-in-chief Friday, urging investment from the global business elite in Davos, while also warning foreign governments that they must play fair in trade or else.
"America is open for business," the 71-year-old is expected to say in a keynote address at the close of the week-long World Economic Forum in the Swiss Alps, according to a senior administration official. (Read more
3 Indian-Origin CEOs Among Business Leaders Who Dined With Trump At Davos
They included Vas Narasimhan from Novartis, Rajeev Suri from Nokia and Punit Renjen from Deloitte. (Read more
Aadhaar covers 95% of Indians, Rana Kapoor CEO, Yes Bank said.
PM Narendra Modi's stance on electric cars and climate change has given "us direction to where we should go" and what kind of technologies to introduce in India, Carlos Ghosn CEO of Renault SA said at Davos.
Asked about her wishes from the budget, Shobana Kamineni, President, CII said: "Reduction in corporate taxes, more action in healthcare and anything that is job-creating is good for India."
Technology can't absorb us from responsibility to change policies: Al Gore
Technology is an enabler, that's why we invested in electric vehicles; we were called stupid then, today we are called visionaries, says Anand Mahindra, speaking in a panel discussion on 'Stepping Up Climate Action' at WEF, Davos
We shouldn't abandon the argument that it is an issue for countries which created the problem, you can't pass the buck: Anand Mahindra on climate change
Developed countries created climate change problem but it is a global problem: Al Gore
World as a whole is subsidizing taxpayers to burn coal, gas, says Al Gore, former US Vice-President
Mahindra group companies will commit to science-based targets, says Mahindra Group chairman Anand Mahindra, speaking in panel discussion on 'Stepping Up Climate Action' at WEF, Davos
We have to translate change that is happening into a political change, says Al Gore, former vice-president of US
Climate change is next century's biggest financial opportunity: Anand Mahindra, chairman, Mahindra Group
According to the WEF Global Risks Report 2018, extreme weather, climate change and natural disasters are identified among the top risks facing humanity. Tune in for a panel discussion on 'Stepping Up Climate Action' at 3:30 pm.
Participants include Al Gore, former US Vice-President; Thomas Buberl, CEO, AXA; Jay R. Inslee, Governor of Washington; Jennifer Morgan, Executive Director, Greenpeace International; Anand Mahindra, Chairman, Mahindra Group, and Risalat Khan, SIPA Environmental Fellow, Columbia University.
"Pioneering initiatives like GST and demonetisation have led to increasing formalisation of the economy and financialisation of savings. These changes are forging new paradigms and I expect the government to continue to focus on steps that will augur well for the economy," top banker Chanda Kochhar said. (Read more
ICICI Bank managing director and CEO Chanda Kochhar has said that the flow into financial savings has surged significantly since demonetisation in November 2016. (Read more
Watch: The PM Modi Impact At Davos
"Corporate tax rate has to come down sharply as we must get private investment crowding in," says Yes Bank CEO Rana Kapoor.
"I am a bit of a pessimist when it comes to bitcoins," says Yes Bank CEO Rana Kapoor at Davos
"Banks have to put in a business model where they can respond to requirements of MSME very quickly," State Bank of India Chairman Rajnish Kumar said about the massive 2.11 crore recaptilisation plan for public sector banks.
China Welcomes PM Modi's Davos Speech, Says Will Jointly Fight Protectionism
China has welcomed Prime Minister Narendra Modi's Davos speech against protectionism, saying the two countries can join hands in fighting such practice. Beijing also said the two countries share common interests in promoting globalisation and steering the world economy towards betterment. (Read more
GST To Have Very Positive Effects In Long Term: Raghuram Rajan
In conversation with NDTV's Prannoy Roy, former RBI governor Raghuram Rajan says the Indian economy had two big headwinds last year - demonetisation and GST.
Indian IT giants TCS and Infosys have joined a global drive for tech reskilling of one million workers in the first ever such IT industry initiative.
The initiative, whose founding partners also include Accenture, CA Technologies, Cisco, Cognizant, Hewlett Packard Enterprise (HPE), Pegasystems, PwC, Salesforce and SAP, aims to bring competitive training content together on one platform to serve the greater good. The initiative will be targeting 1 million people for training and resource opportunities on the World Economic Forum SkillSET portal by January 2021. (Read more
Donald Trump To Be Best Salesperson For US Economy At Davos: White House
US President Donald Trump is set to speak Friday at the World Economic Forum (WEF) in a move that has raised eyebrows because of his protectionist "America First" policies. (Read more
"Nothing new in PM Modi's speech," says Congress leader Kamal Nath
"He was giving the perspective of India, does not need to be seen in context of any other country. That's why I think his speech was way above any other speech I have heard in Davos," NITI Aayog CEO Amitabh Kant said about PM Narendra Modi's speech.
"We are in an economic sweet spot at the moment, there is growth at many corners, but risk would be complacency But we have to fix the roof when the sun is shining," Christine Lagarde said.
"Continue the reforms that have been taken," Christine Lagarde on recommendations for Indian Economy.
"He clearly showcased India in a big way," IMF chief Christine Lagarde's reaction to PM Modi's speech at Davos.
PM Modi 'Took First Names, Responded To Every Point' At Davos CEOs' Meet
At a round table with global CEOs in Davos, Prime Minister Narendra Modi addressed everyone by their first name, took questions and invited ideas, participants told NDTV on Monday.
Reliance chairman Mukesh Ambani, Microsoft CEO Satya Nadella, ICICI Bank's Chanda Kochhar and Wipro's Azim Premji were among those who attended the event. (Read more
India To Become $5 Trillion Economy By 2025, Says PM Modi In Davos, Inviting Investors
India is poised to become a $5 trillion dollar economy by 2025, Prime Minister Narendra Modi said today as he addressed world leaders and global CEOs at the opening session of the World Economic Forum in the snowed-in Swiss mountain resort of Davos, inviting investors to "Come to India." (Read more
India ranks above China, US when it comes to exerting positive influence in international affairs, the World Economic Forum said.
A "historical" day for India: Chandrababu Naidu
Andhra Pradesh Chief Minister N Chandrababu Naidu said it's a historical day for India over Prime Minister Narendra Modi's speech at the World Economic Forum. "PM gave a very good message to global community especially on geopolitics, terrorism and environmental issues," Mr Naidu said.
"I invite you: if you want wellness with wealth, come to India; If you want wholeness with health, come to India; if you want peace with prosperity, come to India. You will always be welcome in India," said PM Modi, summing up his keynote address at the plenary session of the WEF.
"Predictable, transparent and progressive India will continue to be the good news in an uncertain world... India will always be a unifying and harmonising force," said PM Modi.
World's economic, security organisations need reforms, world's economic progress must be faster: PM Modi
Democracy, demography, dynamism are shaping our destiny today: PM Modi
GST has been implemented, technology being used to increase transparency: PM Modi
"Our path to progress is: reform, perform and transform. This is why investing in India, travelling to India, manufacturing in India has become much easier than before. We have pledged to end License Raj, we are removing red tape and laying out the red carpet... New doors to FDI are being opened...," PM Modi said, in a keynote speech at the plenary session of the WEF.
"Progress is only real when it helps all and everyone joins us in the journey," said PM Modi.
In 2014, India's voters, for the first time, gave a complete majority to one party, he said. "And we always strived for 'Sabka Saath, Sabka Vikas'. And this forms the bedrock of all policies of my government, be it opening bank accounts for all Indians to ensure financial inclusion, or digital inclusion, or gender justice," the prime minister added.
"Mahatma Gandhi had said: 'I don't want the walls and windows of my world be closed from all sides. I want the air of the world to come in freely but it shouldn't uproot my home.' Today India follows this same philosophy," said PM Modi. "We Indians understand the value of diversity... We understand the importance of freedom and democracy," he added.
Globalisation around the world shrinking, says PM Modi
PM Modi mentioned three biggest global challenges today: climate change, terrorism and increased self-centredness around the world
Father of the nation Mahatma Gandhi always endorsed utilisation based on need, and opposed greed: PM Modi
"There are differences even within families but when there are challenges, we must come together to face them...Friends, the challenges that I am alluding to are many and widespread... But given the time limit, I'll mention three of the biggest ones," said PM Modi.
"We have to overcome divides and distances for a bright future. In India, we have always believed in unifying people, not dividing them. Indian philosophers have said for thousands of years that the world is one family. We are tied together as one family, a shared thread binds us. This philosophy is relevant to tackle the divides and distances of our times," said PM Modi in a keynote speech at the plenary session of the WEF.
"There are fast moving economic and political changes in the world," said PM Modi. He was delivering a keynote speech at the plenary session of the World Economic Forum in Davos. Here are some of the key things he said:
- Two decades later, the world and society are complex networks
- Even at that time Davos was ahead of its times as it is today
- The subject of Davos meet this time is creating a shared future in a fractured world
- There are fast moving economic and political changes in the world
- Peace, stability, security face new and serious challenges
- A technology-driven world has affected all aspects of our society
- Social media is a big example of how technology is being used to join, bend and break our world
-There is a race after data because it is said one who controls data will dominate the world
- On one hand science, technology and economic progress can lead human progress
- But on the other it can cause painful wounds
- Many changes are creating walls that are making the path to peace a difficult one
- In this environment, there are many important questions that demand an answer from the future of humanity
"In 1997, euro wasn't in circulation, Brexit hadn't happened, world hadn't heard of Bin Laden or Harry Potter... It was a time when chess players weren't at risk of losing to computers, Google wasn't there... If you searched for Amazon, you would find information on jungles and rivers," said PM Modi, delivering a keynote speech at the plenary session of the World Economic Forum in Davos.
Today, 21 years later, looking at technology and digital age, the 1997 subject of a networked society seems very far away, says PM Modi in Davos
In 1997, India's GDP was little over $400 billion, now it has increased over six times: PM Modi
Last time an Indian PM came to Davos was in 1997 when HD Deve Gowda came here, says PM Modi
"I am delighted to be Davos for the 40th meeting of the WEF," says PM Narendra Modi
PM Modi addresses opening session of WEF in Davos, seeks bigger global role for India
PM Modi to address world leaders, CEOs at Davos shortly
People are convinced to invest in India: Sunil Mittal to NDTV
PM Modi to showcase India story
PM Modi to speak soon at World Economic Forum in Davos
SpiceJet's Ajay Singh spoke to NDTV on the sidelines of the annual WEF meet in Davos.
Apollo Tyres Vice Chairman and MD Neeraj Kanwar spoke to NDTV on the sidelines of the WEF meet in Davos. Here are the key things he said:
- Ease of doing business in India has to further improve to attract MNCs
- See a lot happening in infrastructure, auto segment
- We need to give time to government, these reforms will show results
Indian airlines way better than US counterparts, says Ajay Singh, CEO, SpiceJet
"PM Modi speaks with great passion in Hindi... I think he would speak at WEF today in Hindi," says SpiceJet CEO Ajay Singh.
PM Modi would try and project a progressive, inclusive India at WEF: Shobhana Bhartia, Chair, HT Media
Global CEOs feel GST, demonetisation are big bang reforms, says Ajay Singh, CEO, SpiceJet
While India has done spectacularly well in ease of doing business rankings, global CEOs told PM Narendra Modi that he should not be satisfied: SpiceJet CEO Ajay Singh
There is a huge appetite for continuous surge in foreign investments in India with no comparable opportunity available worldwide, Union minister Piyush Goyal said today at Davos, even as he saw India's role at international platforms growing into a leader being looked into for solving problems of a 'fractured world'.
India has emerged as the fifth most attractive market for investments and optimism over global economic growth is at a record level, a survey of CEOs by global consultancy PwC has found. "The US remains the top spot for global investment, while India moves into the top 5," PwC's 21st CEO Survey said.
There is surprising faith and optimism among chief executives in the economic and business environment worldwide, at least over the next 12 months, it noted. (Read more
Speaking on the sidelines of World Economic Forum meet in Davos, Andhra Pradesh chief minister N Chandrababu Naidu said: "I am very confident this time. This is India's Davos. Around 10-15 years ago, very few people used to come. Year by year, there is a lot of presence. There is a lot of visibility now from India."
India in focus at Davos 2018. Click here
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"India (81st) is the laggard of this group. Formal Education (67th) and Lifelong Learning (37th) are keeping pace -- and thus the pool of Global Knowledge Skills (63rd) is solid compared with other emerging markets," said WEF's report on global index of talent competitiveness. (Read more)
India Ranks 81st On Global Talent Competitiveness Index
While Switzerland continues to top the list released every year, India has improved its position from 92nd last year. (Read more)
IMF Projects India To Grow At 7.4% in 2018
India is projected to grow at 7.4 per cent in 2018 as against China's 6.8 per cent, the IMF said on Monday, making it the fastest growing country among emerging economies following last year's slowdown due to demonetisation and the implementation of the GST.
In its latest World Economic Outlook (WEO) update released on Monday in Davos, Switzerland on the sidelines of the World Economic Forum, the International Monetary Fund has projected a 7.8 per cent growth rate for India in 2019. (Read more
1.4 Million Jobs Vulnerable To Disruption In US, Says WEF Report
Based on an analysis of nearly 1,000 job types across the US economy, the report said that many jobs could be vulnerable to technology by 2026. (Read more
Here Are Five Things That You Must Know About WEF
Among the 2,500 delegates and 70 world leaders, Indian Prime Minister Narendra Modi will be the first of the week's keynote speakers on Tuesday. (Read more)
Signalling India's engagement with the rest of the world in a multi-dimensional way, the snow-resort at Davos is decked up to attract investors to India.
From Billboards To Platters, It's India Everywhere At Davos
Chai and pakodas are in high demand and so are vada pao and dosas at the 48th annual meeting of the Geneva-based WEF . (Read more
For First Time In WEF's History, All Top Davos Men Are Women
There's a union boss, a nuclear physicist, two company heads, a financial organization leader, an economist and the prime minister of Norway. (Read more
India was ranked 60th among 79 developing economies last year, as against China's 15th and Pakistan's 52nd position. (Read more
'India Must Position Itself As Statesman, Not Salesman At Davos'
India needs to understand the subtle difference between sales and marketing, and present the India story accordingly while positioning itself in the role of a statesman, says banker Uday Kotak. (Read more
PM Modi's visit to Davos for World Economic Forum will be the first visit by an Indian prime minister since 1997
PM Modi To Pitch India As Global Growth Engine
India Ranks Much Below China, Pakistan On WEF's Inclusive Development Index
Norway remains the world's most inclusive advanced economy, while Lithuania again tops the list of emerging economies, the World Economic Forum said. (Read more
The Indian economy is seeing broad-based improvement across all sectors and should clock 7 per cent growth in the second half of the current fiscal year, ICICI Bank managing director and CEO Chanda Kochhar said. (Read full story
Economy Turning Around, Says ICICI Bank Chief Chanda Kochhar
According to ICICI Bank managing director and CEO Chanda Kochhar, things are turning around very clearly and there are broad improvements across several sectors. The ICICI Bank chief has also said the full fiscal GDP growth for 2017-18 should also be in excess of 6.5 per cent. (Read more
Coca-Cola CEO James Quincey Urges US To Avoid 'Deconstructing Global Trade'
The Coca-Cola CEO is on his way to this week's World Economic Forum in Davos, Switzerland -- where President Donald Trump, a critic of Nafta (North American Free Trade Agreement), is expected to be in attendance. (Read more
Richest 1% Cornered 73% Of Wealth Generated In In India: Oxfam Survey
The annual survey by Oxfam is keenly watched and is discussed in detail at the World Economic Forum Annual Meeting where rising income and gender inequality is among the key talking points for the world leaders. (Read more
Transport, Energy Solutions High On Piyush Goyal's Agenda In Davos
Piyush Goyal will also discuss issues relating to transport and how a city space can be developed so that all modes of transport are interconnected seamlessly. (Read more
PM Modi sought "serious attention" of world leaders on existing and emerging challenges to the contemporary global systems. (Read more
The five-day meeting in Davos -- a mountain resort in Graubnden, in eastern Alps -- which begins on January 22, will be attended by nearly 3,000 world leaders from business, politics, art, academia and civil society. (Read more
'India Means Business', PM Modi's Mantra At Davos
With Prime Minister Narendra Modi's pitch for India as a growth engine for global economy and a display of soft power - through yoga, cuisine and film personalities - the country is expected to be a formidable presence at the 48th World Economic Forum in Davos. (Read more
"At Davos, I look forward to sharing my vision for India's future engagement with the international community," said PM Narendra Modi. (Read more
"Will Share Vision For India's Global Engagements At Davos": PM Modi
PM Modi said India's engagement with the outside world in the recent years has become "truly and effectively multi-dimensional covering the political, economic, people to people, security and other spheres". (Read full story