A fracture of interstate relations could be India's biggest risk coming out of the pandemic. This topped a list of critical risks for India over the next two years, according to Geneva-based World Economic Forum's Executive Opinion Survey (EOS), whose results were released on Tuesday. Other top risks include a debt crisis in large economies, widespread youth disillusionment, failure of technology governance and digital inequality.
India has performed poorly in removing gender-based disparities, ranking 114 out of 142 countries in World Economic Forum's 2014 gender gap index, scoring below average on parameters like economic participation, educational attainment and health and survival.
Two Indian-origin companies -- Gurgaon-based Vihaan Networks Ltd and Sunnyvae, California-based Bloom Energy -- along with Twitter, are among the 26 companies selected as Technology Pioneers in 2010 by the World Economic Forum on Thursday.
India on average lost 44.85 years of a lifetime due to Type 1 diabetes in 2021.
The World Economic Forum will develop a composite index to rank the growth and business competitiveness of countries, its chief economist and director Augusto Lopez Claros said on Monday.
The four key risk areas India needs to focus on at the moment include economic security, energy security, agriculture and food security and national security, it adds. The WEC-CII report says many issues facing India in these four areas will require considerable long-term investment from both public and private sectors. 'Decision-makers in government and business will be forced to make trade-offs as to where spending and investments are allocated,' it said.
'While my generation carries with it the memory of the Chinese perfidy of 1962, this generation will carry the memory of Chinese perfidy in Galwan.'
Let's make some effort to make it come true and close the gender gap once and for all.
Most economists expect the global economy to weaken in the coming year amid political and financial volatility, but a large majority of over 90 per cent are confident of moderate or strong growth in South Asia, notably India, a survey showed on Friday. At the same time, the outlook for China has dimmed following signs of deflationary pressures and fragility in the country's real estate market, the World Economic Forum's latest 'Chief Economists Outlook' report said. As the world grapples with political and financial volatility, almost six in 10 believe the global economic outlook will undermine progress towards meeting the UN Sustainable Development Goals (SDGs), with 74 per cent saying geopolitical tensions will have the same effect.
Trump's sweeping tariffs and penalties on China-built ships have turned global shipping into the front line of economic war, observes Shyam G Menon.
Citing India's commitment to deep economic reforms and ease of doing business, Prime Minister Narendra Modi asserted on Monday that this is the best time to invest in the country as policy-making is focussed on the needs for the next 25 years for a 'clean and green' as well as 'sustainable and reliable' growth period. In his special address to the World Economic Forum's online Davos Agenda 2022 summit, Modi underlined a host of reform measures undertaken by his government to stress that it has worked to reduce the administration's interference in business by deregulating many sectors and to clear the way for free trade agreements with different countries. India was once associated with "license raaj", he noted and highlighted the measures, including reduction of corporate tax to boost business and doing away with over 25,000 compliance requirements.
The government emphasised that the country's credit strengths were 'much better' than most similar-rated economies.
Modi is the first Indian prime minister to attend the Davos summit in 20 years.
While India has scored well on parameters like workforce and employment, it has fared poorly for health and wellness of its labour force, WEF said.
Sustaining 8-10 per cent growth will require lots of partnerships and some innovation says Lee Howell of the World Economic Forum.
Schwab is in New Delhi for the India Economic Summit, which has been organised by the WEF in partnership with Indian industry chamber Confederation of Indian Industry.
India's ranking declined by three places to 59th position in the Global Competitiveness Index 2012 2013.
India needs a rebooting and the country must give "value to common sense" to tackle issues like slowdown of growth, feels CEO of Swiss FMCG giant Nestle, Paul Bulcke.
Srichand and Gopichand Hinduja emerged as the 66th richest in the world, as part of an Oxfam study released at the WEF.
His visit to India has been timed to coincide with the World Economic Forum on India in Gurgaon, Haryana on November 6.
According to the minister, India needs to expand its manufacturing sector to boost exports and ensure sustainability.
Chinese foreign ministry spokesperson Hua Chunying said Chinese President Xi Jinping called for moving globalisation to a more open, inclusive, universal, balanced and win-win direction.
Bilateral trade target is $15 billion by 2015, says Premier Stephen Harper.
India needs to recognise and address challenges posed by its dependence on China for critical minerals and examine the implications of phasing down coal on bank balance sheets as it accelerates its green transition, the government's Economic Survey 2023-24 tabled in Parliament on Monday said. As part of its national plan to contribute to meeting the global goal of limiting the average temperature rise to 1.5 degrees Celsius, India has committed to reducing emissions by 45 per cent below 2005 levels by 2030, achieving 50 per cent cumulative electric installed capacity from non-fossil fuel-based energy resources, and creating a carbon sink of 2.5 to 3 gigatons of CO2 equivalent through additional forest and tree cover.
The 20th India Economic Summit to be held in New Delhi later this year will showcase India's advances and accomplishments in integrating with the global economy
Noting that India has 'limitless possibilities and countless opportunities', Modi urged the BRICS business leaders to take advantage of them.
The break-up of Financial Development Index showed that India ranked 9th in non-banking financial services and capital markets tracked by the index, but the country lost out in terms of banking financial services standing at 45th place.
Projecting India as the land of biggest opportunities globally, Prime Minister Narendra Modi on Saturday promised the business sector facilitation, reforms, a stable policy regime and high growth. Addressing the ET World Leaders Forum, Modi, in turn, asked investors to commit to innovation, performance, positive disruption and high-quality products, as he stressed that the country respects wealth creators.
Even though Europe remains one of the most networked regions of the world, with 12 economies ranked among the top 20 best performers, China and India leapfrogged another 9 and 11 places to 37th and 43rd, respectively.
Khan also said Pakistan has decided to partner any other country only for peace and named the partnership with the US as the one.
India and China continued to grow at reasonable rates even when several developed countries witnessed economic contraction.
India is ready to further cut import tariffs on industrial goods for using it as a strong bargaining point in World Trade Organisation negotiations, Commerce and Industry Minister Kamal Nath said on Monday.
As a leader, he was ambitious, not for himself but for India and its people. His was not the short-term election cycle calculation of individual political gain. His was a practical vision of how to better the lives of his fellow citizens, asserts Ambassador Shivshankar Menon, who served as foreign secretary and national security advisor when Dr Singh was prime minister.
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