WEF Davos 2017 News

Expecting 8-10 percent return from markets this year, ace banker Uday Kotak has said India is also ready to explore various new products while there is appetite for some good "high-quality" public offers as well.

Amid rising uncertainties on political as well as economic fronts in different parts of the world, India continued to be seen as "bright star" even as clamour picked up momentum for speedier reforms and decision-making process to catch up with neighbouring China.

As uncertainty grips the global economic outlook, ace banker Uday Kotak today said India has an opportunity to be a "bright star" in such a "sober" scenario and the medium term prospects for the country's economy looks good as long as it can focus on right things.

As over 3,000 leaders from across the world huddle for their annual talkfest in this snow-capped Swiss ski resort town in sub-zero temperatures, senior union minister Nitin Gadkari has got a full city to take back home literally -- he wants to create India's own Davos in hilly terrains of Himalayas.

Kamath also said India and China are going to remain in focus in any debate on globalisation as they contribute a big chunk today to the global growth.

Rapid technological change threatens to create a new swathe of have-nots and displaced digital refugees, and the solution to this lies in technologies themselves, leaders say.

Policymakers across the world must act now to check inequalities even as there is no "silver bullet" to contain this problem, IMF chief Christine Lagarde.

As the global elite at WEF here debates whether the richest have benefited most from globalisation, Union Minister Nirmala Sitharaman on Wednesday said the world needs to do a "reality check" and asserted that India remains on track to grow its trade and economy faster.

As per a JLL report, India has taken over from China as home to some of the world's most dynamic cities.

With less than 10 percent public companies globally accounting for 80 percent of the entire corporate profits, business leaders including India's Sunil Mittal today acknowledged that consumers are increasingly becoming uneasy with the immense size and power of big firms.

Chinese President Xi Jinping presented himself as a champion of globalisation Tuesday, lecturing the world elite in Davos on the dangers of protectionism and the futility of trade wars.

Globalisation is a "double-edged sword" but cannot be blamed for problems being faced by the world, Chinese President Xi Jinping Tuesday said even as he called for a greater role for emerging economies in governance of global institutions.

Chief executives officers in India are among the most confident lot when it comes to short-term revenue growth and also have ambitious hiring plans for the next 12 months, says a survey released today.

The World Economic Forum (WEF) has warned that a staggering 93 percent of Indians will hold jobs without social security benefits in 2017 while creating employment will be a challenge too.

Chinese President Xi Jinping will open the Annual Meeting of World Economic Forum (WEF) in Swiss ski resort town of Davos next week, which will be attended by a record 3,000 global leaders from business, government and civil society, including over 100 from India.