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India to ask for more funds for Third World at WEF

India will make a strong case for stepping up investment flows to developing countries hit hard by global economic slowdown when over 3,000 world's top businessmen and economists gather in New York for five days from Thursday to reverse recessionary trends in the world economy.

The World Economic Forum, a private enterprise dubbed by the opponents as the rich men's club, has moved its annual meeting from Davos to cosmopolitan New York where its organisers hope to give it a new direction.

Finance Minister Yashwant Sinha will lead a high-power 40-member delegation to the annual business summit, which is expected to give a new thrust in the use of technology to alleviate poverty in developing countries.

The meeting is being held at a time when exuberance of 1990s has given way to nervousness over economic slowdown and September 11 terrorists attacks are once again giving more robust roles to governments which is anathema to most of its participants.

The change in atmosphere could lead to meaningful discussion in serious and somber manner that could, in turn, enhance its credibility, analysts say.

Sinha is listed to participate in two panel discussions on 'Global Economic Outlook' and 'Attracting Capital Inflows in a Risk Averse Environment'.

Tech-savvy Andhra Pradesh Chief Minister N Chandrababu Naidu, who is accompanying Sinha, will also address the forum on the role and priorities of business, government, NGOs and international organisation in poverty eradication programmes.

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