World Economic Forum Davos 2023: Its annual meeting was held recently

India's economy was the talk of the town at the WEF - 2023 annual meeting and its policy stance was hailed for sustainable growth with very moderate inflation.

2023-01-19

Author - GsGkofficial Team Member 

Annual Meeting of World Economic Forum (WEF)

World Economic Forum Davos 2023: Its annual meeting was held recently. In the recently held World Economic Forum (WEF) Annual Meeting-2023, India's economy has been described as resilient and its policy framework has supported sustainable growth with very moderate inflation. Geeta Gopinath, deputy managing director of EMF, has lauded India for doing well in comparison to other major economies of the world. However, he cautioned about the growing division in the world, saying that this could cause a setback to the global growth rate.

Union Telecom Minister Ashwini Vaishnav participated in it from the Indian side. In his speech, he said that India adopted a very pragmatic approach to deal with the humanitarian and economic crisis arising out of the COVID-19 pandemic. He further added that this has ensured moderate inflation and high growth rate in the country. This meeting, which started from January 16, will continue till January 20, in which 2700 leaders of 130 countries of the world will participate, including heads of 52 countries. This time climate change and the Russia-Ukraine war will also be prominently included in the major issues of the world's economy. Due to the Kovid-19 epidemic, this meeting did not take place for two years and after that this is the first meeting.

About the World Economic Forum

The World Economic Forum is a Swiss non-profit and international organization. This forum was founded in 1971 by Professor Claus M. Schwab working at the University of Geneva under the name European Management. The Forum provides a common platform for leading political, business, social and academic leaders to shape global, regional and industrial agendas. It is an independent and impartial organization which has no interest of its own. However, it is recognized by the Swiss government as an international organization for public-private cooperation. The Forum is famous for holding its annual meeting in late January in Davos in the Eastern Alps region of Switzerland. The meeting to be held on January 2023 this year was the 49th annual meeting of the World Economic Forum.

 

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