The world economy is gathering speed with the growth forecast for 2018 and 2019 pegged at 3.9 per cent, the International Monetary Fund said today but warned that the present economic momentum reflects a "confluence of factors" that is unlikely to last for long.

While Switzerland continues to top the list released every year, India has improved its position from 92nd last year.

Prime Minister Narendra Modi hosted a roundtable meeting with CEOs from across the world in Davos, kicking off India's broadest engagement ever at the World Economic Forum in the snow-covered mountain resort of Switzerland. The Prime Minister narrated "India's growth story and presenting exciting opportunities for global business in India", Foreign Ministry spokespers...