WORLD ECONOMIC FORUM

  • India slips to 71st rank in global competitiveness list September 3, 2014

    Geneva/New Delhi: Weighed down by challenging economic conditions for most part of the past year, India has slipped to the 71st position the lowest among BRICS countries in an annual global competitiveness list, where Switzerland remains on top. The annual list, released on Wednesday by Genevabased World Economic...
  • Budget carrier AirAsia plans flights in India soon May 23, 2014

    Manila: Asia's leading budget carrier, AirAsia, is hoping to begin operations in India in two to three months, the airline's CEO said on Friday. The carrier this month won court approval to operate in India after delays because of domestic airlines' opposition. AirAsia India will begin flying with two planes, Tony...
  • BJP flays Chidambaram for criticising Narendra Modi January 24, 2014

    BJP on Friday flayed Finance Minister P Chidambaram for criticising its Prime Ministerial candidate Narendra Modi on foreign soil and said it will seek explanation from him after his return. "There has been a tradition that we all have followed that when we are abroad we do not discuss the country's...
  • India to have steady GDP growth in next 3 yrs, BRICS on rebound mode January 24, 2014

    The global financial crisis, had hit the BRICS (Brazil, Russia, India, China and South Africa) economies, but these countries are likely to rebound, with India likely to clock "steady" GDP growth in next three years. According to leaders of these economies who were speaking at a session at the 44th World...
  • AirAsia promises low fares in India; expects launch in MarchApril January 23, 2014

    Davos: Hopeful of launching flights in India in next two to three months, AirAsia chief Tony Fernandes has said that the airline would introduce 'dramatically' low fares in the country, which would be cheapest in the market and take air travel to masses. Fernandes, who is in Davos for World...
  • Optimism over recovery, trust in businesses sunny spots at WEF January 23, 2014

    Davos: A sense of optimism was in the air with industry captains and global leaders seeing improved business confidence and many experts predicting good prospects for the Indian economy at the World Economic Forum. Spread across multiple sessions, topics of discussions varied from climate change to unemployment to European economic conditions....
  • Would like to edit a newspaper, write a book, says P Chidambaram January 22, 2014

    Having proved his mettle as a lawyer and as a politician, P Chidambaram would like to try his hand at teaching, writing and even editing a big newspaper! Speaking at the World Economic Forum (WEF) Annual Meeting at Davos on Wednesday, Finance Minister Chidambaram said, "I hope I get to...
  • BJP's economic policies are retrograde, bloodeyed: Chidambaram January 22, 2014

    Davos: As India prepares for elections, Finance Minister P Chidambaram on Wednesday hit out at BJP terming its economic policies as retrograde and "bloodeyed" and asked why it's Prime Ministerial candidate Narendra Modi had never fielded a Muslim candidate. He expressed confidence that Rahul Gandhi would be the Prime Minister if...
  • Confident of revenue growth: Indian CEOs at World Economic Forum January 22, 2014

    Nearly half of the Indian CEOs surveyed are "very confident" about revenue gains for their companies in the next 12 months, even as they cited availability of skilled talent and corruption as major business threats, as per a PwC study. According to PwC's 17th Annual Global CEO survey, released by World...
  • WEF offers platform to project Mumbai as top intenational financial centre: Assocham January 21, 2014

    As the World Economic Forum Annual Meeting begins in Davos on Tuesday, leading Indian chamber Assocham's President Rana Kapoor has sought to utilise this opportunity to project the potential of Mumbai as a top International Financial Centre. There have been many efforts in the past to develop Mumbai into an IFC,...
  • Six events that will matter in 2014 January 20, 2014

    1. Sky City, the world's tallest skyscraper, to open in Changsha, China Burj Khalifa, the tallest skyscraper in the world, officially opened on January 4, 2010. It's both an architectural marvel and a reminder of hubrisfor it coincided with Dubai's financial troubles. Its record will be broken by China's Sky City...
  • Karnataka CM invites global firms to invest in state September 13, 2013

    Bangalore: Karnataka Chief Minister K. Siddaramaiah is wooing global firms at the World Economic Forum (WEF) in China to invest in this southern state for benefitting mutually from its natural and human resources, a official said Friday. "Siddaramaiah had series of meetings with heads of global firms at the WEF conference...
  • Karnataka CM attends World Economic Forum meet in China September 11, 2013

    Karnataka Chief Minister Siddaramaiah on Wednesday attended the World Economic Forum (WEF) in the Chinese city of Dalian and visited a number of industrial units besides scouting for foreign investment in his state. Besides attending the Plenary meet of the WEF inaugurated by Chinese Premier Li Keqiang, Siddaramaiah met Japanese Minister...
  • Karnataka CM Siddaramaiah to leave for China for World Economic Forum meet September 9, 2013

    Bangalore: Karnataka Chief Minister Siddaramaiah will leave for Dalian in China on Monday to participate in the three-day annual meeting of the 'New Champions of the World Economic Forum' from September 11. The Chief Minister will be accompanied by a 14-member business delegation which will comprise industry captains from sectors including...
  • India slips to 60th rank on competitiveness, Switzerland on top September 4, 2013

    New Delhi/Geneva: India has slipped to 60th position in terms of its competitiveness globally, while Switzerland has retained its top rank. This is India's lowest ever rank and also 31 places below its peer emerging market China. Releasing the annual Global Competitiveness Report 2013-2014, Geneva-based World Economic Forum (WEF) on Wednesday...
  • Red tape, graft: India no super market for Walmart July 8, 2013

    Mumbai: Walmart's India expansion is stalled. When India announced last September that it would allow foreign supermarket chains to take majority ownership of their local operations, it marked a victory for Walmart Stores, which had spearheaded efforts to open the market and said its first retail store would open within...
  • Kochi will host World Economic Forum India Meet: Chandy June 19, 2013

    Thiruvananthapuram: Kerala's business capital, Kochi will host the prestigious the World Economic Forum's India meet November 89, said Chief Minister Oommen Chandy on Tuesday. Chandy told reporters in Thiruvananthapuram that this is a rare honour for the state. "India has hosted this event 28 times in the past, of which Mumbai...
  • India ranked 65th in tourism competitiveness, better placed than Pak March 20, 2013

    New Delhi: The Travel & Tourism Competitiveness Index (TTCI) 2013 of the World Economic Forum has ranked India 65th out of 140 countries covered in its study to rank countries on travel and tourism competitiveness. In the 2011 study, India's rank was 68, thus indicating an improvement by three places. India...
  • Do not relax: IMF chief to world leaders January 26, 2013

    Davos: In order to keep up the recovery momentum in the world economy, International Monetary Fund chief Christine Lagarde on Saturday asked countries and their leaders to follow the 'do not relax' principle and not let complacency come into their efforts. "I will pursue with 'do not relax' principle. The...
  • India is a shining star, will emerge stronger in 1 yr: Scindia January 25, 2013

    Davos: Asserting that India was a "shining star" with a growth rate of 6.5 per cent, which not many countries can boast of, Union Minister Jyotiraditya Scindia on Friday said the country would emerge as a stronger economic force in next one year on the back of continuing reforms. The...
  • David Cameron wants UK to remain in European Union January 25, 2013

    Davos: British Prime Minister David Cameron shrugged off the possibility that his country may vote to leave the European Union, and argued today that his vision of a changed Europe on Britain's terms is eminently achievable. In an interview with The Associated Press at the World Economic Forum in the Swiss...
  • India assures full support to Walmart, Tesco January 24, 2013

    Davos: India on Thursday assured global retail giants Walmart and Tesco that it will hand hold them for their entry into the just opened multibrand retailing in the country. The assurance was given by Commerce and Industry Minister Anand Sharma to the heads of the two retail giants in separate...
  • Studying India's conditions on FDI: Walmart January 24, 2013

    Davos: USbased global retail giant Walmart on Thursday said it is studying the conditions related to India's allowing foreign direct investment in multibrand retail before making the final announcement on its entry plans. Walmart International CEO Doug McMillon met Commerce and Industry Anand Sharma on the sidelines of the annual...
  • Investors expect too much from India: Kamal Nath January 24, 2013

    Davos: Emphasising that India has seen large number of reforms in recent years, Urban Development Minister Kamal Nath on January 24 said that even a lull in activities is taken as paralysis since expectations from investors are too high. Nath, who is leading the Indian delegation at the annual World...
  • World Economic Forum kicks off in Davos January 23, 2013

    More than 1500 world leaders have reached Davos to attend the annual World Economic Forum. The theme for the summit this year is 'resilient dynamism'. ...
  • CocaCola pledges $ 100,000 for projects by young people January 22, 2013

    Davos: Beverages giant CocaCola on Tuesday announced $ 100,000 fund for a WEF initiative aimed at helping young people take action on issues they care about in more than 200 cities worldwide. The Global Shapers Community, set up by the World Economic Forum in 2011 with the aim of engaging...
  • Curbing climate change will cost $700 bn a year: Report January 22, 2013

    Oslo: The world must spend an extra $700 billion a year to curb its addiction to fossil fuels blamed for worsening floods and heat waves and rising sea levels, a study issued by the World Economic Forum (WEF) showed on Monday. As government and business leaders prepare to meet at the...
  • India's energy system better than China, says WEF December 12, 2012

    London: India's energy system is better than that of neighbouring China in the context of an integrated economic, environmental and energy security perspective, according to the World Economic Forum (WEF). The Global Energy Architecture Performance Index Report 2013, released on Tuesday, has ranked India at 62nd position, much ahead...
  • Why numbers may not be the right indicators for India November 8, 2012

    Gurgaon: A lot has been read into numbers when it comes to India's growth story. While India Inc has usually welcomed high percentage growth numbers as the highpoint of privatepublic partnership, downward revision of growth rate has invited brickbats from the industry and media alike. But numbers very often mask reality....
  • Why the World Economic Forum India 2012 meet is important November 6, 2012

    The World Economic Forum India 2012 meet being held in Gurgaon from November 6 to November 8 holds special significance not just for India but for the rest of the world. As Europe continues to face massive liquidity crunch, a problem which is only accentuated by negligible or negative growth...