Union Minister Ashwini Vaishnav will lead the World Economic Forum meeting, showing India's diversity and unity

WEF: The Indian delegation includes five Union Ministers, three Chief Ministers, and ministers of many states as well as about 100 Chief Executive Officers (CEOs), government, civil society, and giants associated with the fields of arts and culture.

Sun, 19 Jan 2025 07:47 PM (IST)
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Union Minister Ashwini Vaishnav will lead the World Economic Forum meeting, showing India's diversity and unity
Union Minister Ashwini Vaishnav will lead the World Economic Forum meeting, showing India's diversity and unity

The five-day meetings of the World Economic Forum (WEF) are starting in Davos on Monday. A glimpse of the unity of India's diversity will be seen in these meetings. The rich and powerful people of the world will gather at the WEF from Monday. This time India is sending its largest ever team to Davos. The Indian delegation includes five Union Ministers, three Chief Ministers, and ministers of many states as well as about 100 Chief Executive Officers (CEOs), government, civil society, and giants associated with the fields of arts and culture.

Union Information and Broadcasting Minister Ashwini Vaishnav will lead the Indian delegation. Before leaving for Davos, he said, "There is a lot of interest in the World Economic Forum to understand our thought process, the economic policies of Prime Minister Narendra Modi, digital transformation, and the way India has created a new digital infrastructure under the Digital India program." Four other Union Ministers CR Patil, Chirag Paswan, Jayant Chaudhary, and K Ram Mohan Naidu will also attend the meeting in the Indian delegation.

Besides these, Chief Ministers of Maharashtra, Andhra Pradesh, and Telangana Devendra Fadnavis, N Chandrababu Naidu, and A Revanth Reddy will also attend the meeting respectively. Senior ministers of many other states including Karnataka Deputy Chief Minister DK Shivakumar and Tamil Nadu's TR B Raja, Kerala's P Rajeev will also be present in the Davos meeting. The Maharashtra government has targeted the signing of a Memorandum of Understanding (MoU) worth Rs 7 lakh crore during the WEF annual meeting. At the same time, Telangana Chief Minister Reddy is in search of his share of investment along with his cabinet colleague D Sridhar Babu and senior officials.

A survey of global chief economists ahead of the meeting said they expect the global economic conditions to weaken in 2025. However, India's growth rate will still be the fastest despite the weakening. According to the World Economic Forum, the global economy is expected to face significant challenges in 2025. The conditions are expected to weaken according to 56 percent of the chief economists who were surveyed. Only 17 percent of the economists believed the situation would improve. According to the survey, the US economy is expected to register strong growth in 2025. South Asia, especially India, will also maintain strong growth momentum. The world's top 60 political leaders, including US President-elect Donald Trump, German Chancellor Olaf Scholz, and Ukrainian President Volodymyr Zelensky, will address the WEF meeting.

Muskan Kumawat Journalist & Writer