The six-day long World Economic Forum annual meet, which will see participation of over 100 Indian business and political honchos as well as global leaders, began today and fiscal woes in the world economy are expected to dominate discussions.

The world is awash in easy money, with consequences that are starting to worry some central bankers and business leaders at the Davos World Economic Forum (WEF), though so far inflation fears seem overdone.

The overall confidence in the global economy has improved in the first quarter of this year compared to last three months of 2012, according to a WEF survey.