WORLD ECONOMIC FORUM

Disclaimer: Copyright infringement not intended.

Context

The Union Minister of Commerce and Industry, Piyush Goyal is set to lead the team India at the World Economic Forum (WEF) in Davos.
The minister will also be visiting the United Kingdom (UK) to hold discussions with UK Government and Businesses on the progress made in Free Trade Agreement (FTA) negotiations and the way forward.

Agenda for India

With India assuming the G-20 presidency in 2023, the event with WEF will help reinforce India’s position as an important and relevant stakeholder in shaping the global narrative.
The forum will also be a platform to project India as an attractive investment destination given its robust economic growth and stable macroeconomic indicators.
The year 2022 also coincides with the WEF’s 50^th anniversary and 35 years of the Forum’s collaboration with India which would provide an opportunity for India to showcase its unified presence including the centre and states.
To mark 75 years of Independence and ‘Azaadi ka Amrit Mahotsav’, DPIIT has taken the initiative to have a consolidated marquee India presence at World Economic Forum, Davos.

About the meeting

The World Economic Forum (WEF) returns for its annual meeting in Davos, Switzerland from May 22 to 26.
Under the theme, Working Together, restoring Trust, the Annual Meeting 2022 will be the first global in-person leadership event since the start of the pandemic.
The meeting will allow the world leaders to take stock of the state of the world and shape partnerships and policies for the crucial period ahead.
Due to the outbreak of the Omicron variant, the WEF deferred its 2022 annual meeting, which was originally scheduled for January 17-21.

About WEF

It was established in 1971 as a not-for-profit foundation and is headquartered in Geneva, Switzerland.
The World Economic Forum is the International Organization for Public-Private Cooperation.
The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas.
The Forum strives in all its efforts to demonstrate entrepreneurship in the global public interest while upholding the highest standards of governance.