As the five-day talkfest of the world's elite draws to a close here, business and government leaders from India are cautiously optimistic about India consolidating its position as the 'bright spot' of global economy continuing its reform process and making it easier to do business in the country.

World Bank President Jim Yong Kim and Salesforce CEO Marc Benioff have been elected to the World Economic Forum's Board of Trustees, whose members include Reliance Industries chairman Mukesh Ambani and PepsiCo chief Indra Nooyi.

As headwinds from China and the US turn the mood gloomy here at the elite World Economic Forum (WEF) annual meeting, top NRI industrialist G P Hinduja on Saturday asked corporate leaders to diversify their businesses across sectors and countries to sail through such turbulences.