AI will erase outsourcing jobs, redefine skills and disrupt global giants within five years, predicts Vinod Khosla. The IT legend urges young people to become generalists: Adaptable thinkers who can learn quickly, connect dots across disciplines and shift careers as technologies evolve.
The current global financial crisis dominated the India Economic Summit's (IES) pre-event conference. The three-day event, being organised jointly by the World Economic Forum (WEF) and Confederation of Indian Industry (CII) from Saturday, would make its debut in this city after 26 years. The summit, an annual event, is usually held in New Delhi.
This and many more issues related to India's growth will be deliberated at the 22nd edition of the India Economic Summit, to be held here from November 26 to November 28
The countries ranked below India include Bahrain, Cameroon, Burkina Faso, Iran, Oman, Egypt, Turkey, Morocco, Benin, Saudi Arabia, Nepal, Pakistan, Chad and Yemen with the lowest gender equality of 45.1 per cent.
'Expect India to keep doing well irrespective of geopolitics.'
India has dropped a place in the latest global ranking of most competitive nations by World Economic Forum.
External Affairs Minister S Jaishankar has said the recent confrontation between India and Pakistan was not just a mere conflict between two neighbours, but it was about combating terrorism, which will eventually come back to haunt the West.
The Global Gender Gap Review reveals India's dismal position. Out of 134 countries surveyed, India is among the lowest ranked countries at the 112th position, with a score of 0.6155.
Even as the Indian economy booms seemingly on steroids, in the area of global competitiveness it has slipped two positions from 49th to 51st this year, despite a small improvement in its score.
The summit would be held from November 4-6.
Over 2,500 global leaders in business and politics arrived in this Swiss resort on Wednesday to put their minds together on how best to support the fragile recovery following the worst economic crisis since the 1930s.
The World Economic Forum on Monday said it has decided to defer its Annual Meeting 2022 in the Swiss Alpine ski resort town of Davos in the light of continued uncertainty over the Omicron outbreak. The Annual Meeting, which was scheduled to take place in Davos-Klosters, Switzerland between January 17-21, 2022, is now planned for early summer. The World Economic Forum (WEF) held its last Davos summit, attended by top leaders from across the world, in January 2020, just before the outbreak of the coronavirus pandemic, while the 2021 meeting could not take place due to the outbreak.
The second-generation reforms undertaken by India have not kept pace with those in the other countries, World Economic Forum's chief economist, Augusto Lopez Claros said on Monday.
The World Economic Forum is preparing for the biggest annual event in its calendar, and Corporate India Inc plans to build on its India Everywhere campaign.
The relations between New Delhi and Washington are on a downturn after Trump doubled tariffs on Indian goods to a whopping 50 per cent, including 25 per cent additional duties for India's purchase of Russian crude oil.
The formulations in the declaration in reference to terrorism is going to be to our "satisfaction", Dammu Ravi, secretary (economic relations) in the external affairs ministry said on Monday.
World Economic Forum said on Wednesday that the Indian economy is expected to grow by 6-7 per cent this fiscal
What has surprised the industry is that the Bill has been tabled without any consultation. Critics warn the ban on real-money gaming could fuel black markets, endanger 200,000 jobs and billions in tax revenue.
Isn't there something significant in the UPI example for all of us to learn from and execute to enable world-scale success for our startups?, asks Ajit Balakrishnan.
Former RBI governor Raghuram Rajan on Tuesday said it is too premature to think that India will replace China when it comes to influencing global economic growth. However, the situation may change going forward as India is already the world's fifth largest economy, it is growing and has the potential to keep expanding. At a World Economic Forum (WEF) press briefing on the recently released Chief Economists Outlook that saw majority of them expecting a global recession in 2023, Rajan said any recovery in the Chinese economy would definitely boost the global growth prospects.
The 15-member Board of BFA included former Japanese prime minister Yasuo Fukuda, former Malaysian prime minister Abdullah Ahmad Badwai, former Singapore prime minister Goh Chok Tong and former prime minister of France Jean-Pierre Raffarin besides former US Treasury Secretary Henry Paulson.
Kudankulam will house the largest nuclear power plants in India and the flagship project of Russian-Indian technological and energy cooperation.
A map showing the gender equality across the world as published in the 'Global Gender Gap Report 2014' of the World Economic Forum.
In a sea-change at the highest town of Europe, black business suits and orange-and-blue army dress have now become a common sight in Davos, as the world of business takes over this Alpine resort for the next five days beginning today, from the usual skiing enthusiasts.
In the short run, the Trump presidency has already ensured one thing: The assumptions of the past can no longer guide the strategies of the future, points out Manish Dabhade.
Opposition candidate B Sudershan Reddy appeals to MPs to vote with conscience in the upcoming vice presidential polls, urging them to prioritize the spirit of India and parliamentary traditions over party loyalty.
While the top 10 countries in the list continue to be dominated by European nations, India dropped 5 places from 51 to rank 56 in the latest list.
Maharashtra has signed MoUs totalling Rs 1.4 lakh crore at Davos on the sidelines of the World Economic Forum Annual Meeting, following Chief Minister Eknath Shinde's meetings with a number of business leaders, the state government said on Wednesday. Karnataka, too, signed MoUs with investment proposals to the tune of Rs 22,000 crore with seven companies.
Putin's remarks came within two weeks after Prime Minister Narendra Modi's historic visit to Ukraine where he held talks with President President Volodymyr Zelenskyy.
Singapore is the world's most trade-friendly economy, the World Economic Forum said in a study. The WEF's Global Enabling Trade Report 2009 measures and analyses factors enabling trade in 121 industrialised and emerging economies around the world.
The war in Ukraine has made its presence felt at the World Economic Forum's annual meeting in Davos. As political and business leaders' debate, they remain fearful of Europe's economic future. There is a sense of gloom among many business leaders as energy shortage and economic recession rear their heads. Global investors are keenly assessing the presence of Indian delegation at Davos.
Top 10 trends for 2015 are deepening income inequality; jobless growth; lack of leadership; rising geostrategic competition; weakening of representative democracy; rising pollution in developing world; rising occurrence of severe weather events; intensifying nationalism increasing water stress and growing importance of health in the economy.
Barring a few, such as Andhra Pradesh Chief Minister N Chandrababu Naidu (74), Union Minister C R Patil (69) and Uttar Pradesh Finance Minister Suresh Khanna (71), most other ministers attending the WEF represent the next generation of India's politicians.
Dr Manmohan Singh first embossed himself on the national consciousness when as India's finance minister he flagged off economic reforms which changed this nation forever.
The United Kingdom extracted USD 64.82 trillion from India over a century of colonialism between 1765 and 1900 and USD 33.8 trillion of this went to the richest 10 per cent -- enough money to carpet London in notes of 50 British pound almost four times over.
Networking giant Cisco Systems on Monday said it has frozen the hiring process and is adopting a wait and watch policy due to the global slowdown besides cutting costs up to $2 billion through various means. Cisco is adopting a wait and watch policy of 6-8 weeks before taking any decisions. It also plans to cuts costs up to $2 billion through measures like slashing travel costs.
"Indian democracy provides for both kinds (elected and nominated). Prime Minister Manmohan Singh, if he had chosen to contest this year, would have certainly won from anywhere in the country," Tharoor said.
Soros, 94, in the recent past has spoken openly against Prime Minister Narendra Modi. The ruling BJP believe that he tried to interfere in Indian elections.
India and China on Monday decided to deepen their economic ties, cooperate on civil nuclear energy programme and enhance military interactions besides working together at various international forums.
The United States offers an "abundance" of stability and transparency, which makes the world's largest economy an attractive investment destination for the Aditya Birla Group, a top official from the Indian conglomerate has said. Kumar Mangalam Birla said the group chaired by him has invested $15 billion in the US over the last 17 years, making it the biggest Indian investor in the country.
