World Economic Forum Annual Meeting 2016 News

India was Thursday ranked 22nd on an inaugural list of the world's best countries, which was released here on the sidelines of WEF Annual Meeting and is topped by Germany.

The Indian economy needs some multiple engines of growth, while the focus for the government now is on reviving private investments, Finance Minister

Fears of slow economic growth, including in emerging markets, and concerns over rising terror attacks have cast a shadow over the WEF annual gathering as the rich and influential deliberate on ways to boost global economy.

Expecting Indian economy to continue to improve, top banker Chanda Kochhar Tuesday said India is in a "sweet spot" amid the global economy witnessing a low-growth and low-inflation environment. 

The refugee challenge facing Europe can be harnessed for the benefit of all, with the help of appropriate policies, especially effective integration into the labour market, IMF said.

Schwab, who is WEF Founder and Executive Chairman, hoped that when participants go home they would be convinced that the future of our small global village can only be managed by collaboration and cooperation.

The high-profile WEF meeting here will not be entirely for the elite only as some of the 300-odd sessions will be open to general public and few sessions would connect with millennials in select few cities worldwide, including Delhi, Bangalore and Ahmedabad in India.

As the annual WEF talkfest of the elite of the world begins here Tuesday, nearly 5,000 Army personnel and hundreds of police staff have turned this small ski resort town into a fortress for a week.