India ranks lowest among the world's major economies for its preparedness to tackle global environmental risks and second-lowest for economic risks, while Switzerland is on the top, a report said.
India's ranking declined by three places to 59th position in the Global Competitiveness Index 2012 2013.
A report on countries with best financial system in the world based on seven parameters including - institutional environment, business environment, financial stability, banking financial services, non-banking financial services, financial markets, and financial access.
Announcing her appointment, IMF Managing Director Christine Lagarde hailed the Mysore-born Gopinath as "one of the world's outstanding economists with impeccable academic credentials, a proven track record of intellectual leadership and extensive international experience".
There is a significant risk that advanced economies could experience another downturn, said the World Economic Outlook report released on Thursday.
According to the BofA-ML Fund Manager Survey for January, asset allocators assigning more funds to equities than at any time since February 2011, while their confidence in the world's economic outlook has reached its most positive level since April 2010.
Going beyond the annual WEF Summit...
Bilateral trade target is $15 billion by 2015, says Premier Stephen Harper.
Pakistani cricketer-turned-politician Imran Khan on Wednesday said time was up for trying to solve Indo-Pak issues through "militancy and militarily" but asserted that unless Kashmir issue was resolved, there was "always a possibility" of Mumbai-like attacks.
"We are seeing an uptick. There is a lot more clarity and certainty about projects and decision cycles. I'm quite positive and companies are wanting to adopt technologies and are making decisions," TCS chief executive officer and managing director N Chandrasekaran said on the sidelines of World Economic Forum on India in Gurgaon.
With just 11.8 per cent, the nation lags behind its neighbours and peers when it comes to women's representation in national legislatures.
"Growth is expected to moderate gradually in China... pick up in India, and remain broadly stable in the Asean-5 region."
His visit to India has been timed to coincide with the World Economic Forum on India in Gurgaon, Haryana on November 6.
India is projected to grow at 6.3 per cent in 2015 and 6.5 per cent in 2016, when it is likely to cross China's projected growth rate of 6.3 per cent, the IMF said.
The tax would create a single market in India for the first time.
The region's GDP will grow by 5 per cent in 2013 and 5.7 per cent in 2014.
The WEF on Tuesday released the names of the 250 young leaders who have been selected Young Global Leaders 2007.
Meeting planned with U.S. Attorney General in coming weeks
Nath, who is leading the Indian delegation at the annual World Economic Forum meeting in Davos, also said that even the US or Europe would not have seen as many reforms that happened in India.
The International Monetary Fund, in its latest World Economic Outlook, projected an average growth rate of about 3.8 percent in market prices for India in fiscal 2013, which is expected to pick up to 5.1 per cent next year.
Telecom market leader Bharti Airtel on Thursday said the industry will need to raise tariffs as margins of operators are getting hurt at the current rate but ruleditself out to be the first to take the step.
The government is committed to restricting fiscal deficit at 5.3 per cent of GDP this financial year and has no immediate plans to go for additional market borrowings, a senior government official said.
A discussion on reviving Indian economy at the World Economic Forum turned into a war of words between Law Minister Ashwani Kumar and Bajaj Auto chairman Rahul Bajaj over the functioning of government.
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.
"Outsourcing is also a concern and I hope it will be addressed soon," Godrej Group Chairman Adi Godrej told reporters on the sidelines of the World Economic Forum on India in Gurgaon.
Reminiscent of desi culture, a hotel staff was serving tea in normal glasses while standing next to a bicycle.
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.
Former world heavyweight boxing champion Muhammad Ali has been hospitalized for a respiratory issue, family spokesman Bob Gunnell said on Thursday.
Markets rallied because of huge inflows by overseas investors.
The London School of Economics professor Danny Quah forecasts that by 2050 the world's economic centre of gravity, a theoretical measure of the focal point of global economic activity based on GDP, will have shifted eastwards, as quoted in the Wealth Report 2012 by Knight Frank & Citi Private Bank.
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.
Although it has not been able to sell stake in any PSU so far this fiscal, the government will be able to meet the Rs 30,000 crore disinvestment target set for 2012-13, according to Department of Economic Affairs secretary Arvind Mayaram.
Pratip Chaudhuri, SBI chairman, feels that the airlines should bring the amount to the table.
Next week, the government is auctioning spectrum at a minimum bid price of Rs 14,000 crore for 5 MHz of airwaves for all the country's 22 telecom zones.
Countries all across the world are competing to attract business and tourists.
The Alibaba tycoon is all about Love Quotient, not IQ or EQ.
'If you ask India's finest business leaders, they now tell you -- in whispers, of course -- that the mood has never been so glum after 1991,' says Shekhar Gupta.
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.
The man who could well have been a high-level corporate may have to content himself being deputy chief minister. But other challenges await.
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