Prime Minister David Cameron warned European leaders on Thursday that any attempt to shoehorn countries into ever deeper political union was a mistake that Britain would not be a part of.

Nath, who is leading the Indian delegation at the annual World Economic Forum (WEF) meeting, also said that even the US or Europe would not have seen as many reforms that happened in India.

Lack of competitiveness in Europe is the root cause of financial instability and rising unemployment numbers in the region, the World Economic Forum (WEF) said today.