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  • October 04, 2019

WEF: India Shows Remarkable Resilience Amid Global Slowdown

The World Economic Forum (WEF) is currently organising its 33rd India Economic Summit in New Delhi and more than 800 leaders from 40 countries including senior public figures are expected to take part in the summit.

“India is one of the fastest growing large economies in the world. The country is also a young economy with lot of potential and has shown lot of strength and resilience amid an economic slowdown globally,” WEF President Borge Brende said. Besides, the country can play a crucial role in the development of South Asia and sustainability of global economic growth.

The rise of advanced technologies has the potential to create economic and social value and it can boost the country’s goal of maintaining its growth momentum while attaining greater social inclusion and regional cooperation. He added that India is very advanced from many developed economies when it comes to information technology sector, but there is a lot of scope for development in terms of infrastructure.

WEF is a not-for-profit International Organization for Public-Private Cooperation and engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. It was established in 1971 and is independent, impartial and not tied to any special interests. The Forum strives in all its efforts to demonstrate entrepreneurship in the global public interest while upholding the highest standards of governance.

 

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