Tony Abbott's views come at a time when the influential G-20 grouping, that includes India, is making stringent efforts to crack down on illicit money flow in the financial system.
India and China have not ruled out a Modi-Xi meeting during the summit.
44% citizens of the world agree that the eradication of poverty and hunger is the most important priority for the world, says the Voice of the People survey, carried out for the WEF, by Gallup.
Minister for Communications, IT and Divestment Arun Shourie would lead a delegation to the World Economic Forum to be held in Davos (Switzerland) during January 20-25.
Growth in emerging market and developing economies will slow to 4.4 per cent in 2014, before rising to 5.0 per cent in 2015, it said.
Pakistani Prime Minister Nawaz Sharif has cancelled his visit to WEF annual meeting after a deadly Taliban attack in his country.
Minister of State for External Affairs Vinod Khanna will lead the Indian delegation to the World Economic Forum extraordinary annual meeting in Jordan from June 21-23.
India will see a gradual growth acceleration with its GDP expected to reach 5.9 per cent this year.
'I went to slums in India which were quite destitute, where people were clearly really struggling, but typically there is a sort of sense of purpose.' 'People are hustling.' 'What that tells you is that if the country was so organised in a way to give these people opportunity, then they would make something of it.'
In spite of a recent devastating money/monsoon.htm drought, India's economy has fared well and should enjoy solid growth this year and next, the IMF said.
India is among the worst-ranked countries when it comes to taxation and inflation burden on economy, as also in terms of the negative impact of crime, terrorism and health hazards on business environment, a WEF report said.
Confederation of Indian Industries said on Monday that the economy has shown clear signs of a turnaround over the last four quarters with sales
Rejecting IMF and World Bank's "unduly" pessimistic projections, Prime Minister's key economic advisory council chairman C Rangarajan on Thursday exuded confidence that the growth would be around 5.5 per cent in the current fiscal.
Senior Editor of New Delhi Television Vikram Chandra has been selected as one of the 100 young leaders by Geneva-based World Economic Forum for its Global Leaders for Tommorow initiative for the year 2003.\n\n\n\n
Prime Minister Nawaz Sharif said that Pakistan is verifying the facts to bring the perpetrators to justice.
India must carry on structural reforms, the finance minister said.
India's ranking is worst among the five BRICS countries
India's share in world tourist inflows was only 0.64 per cent in 2012. It could only attract 6.97 million foreign tourists during 2013.
I have lived in Switzerland without feeling Swiss, I have lived in Singapore without feeling Singaporean, he told an Australian daily