India 'Very Friendly' Place To Invest Amid Uncertainties

Commerce Minister Nirmala Sitharaman emphasised that the world needs to do a "reality check" even as she said India remains on track to grow its trade and economy faster.

Mr Gadkari said it is very much possible to create a new city like Davos back in India where hotels, shops and conference centres would be set up.

Ms May called upon the world to engage with each other to ensure globalisation and free trade works for all and benefits everyone.

Amid an intense debate on future of globalisation here at annual World Economic Forum meeting, Mr Kotak said India has been a big beneficiary of the globalisation process.

This value - in addition to the livelihoods of 80 per cent of the world's population - is threatened by the decline in ocean health, lack of adequate measuring and monitoring of ocean activities.

"We face the prospect of leaving a larger part of humanity behind than in any other (industrial) advance, Infosys CEO Vishal Sikka said.

Top economic leaders hoped that 'revolution' in Washington - referring to Donald Trump assuming office of the US President from Friday - would not be as bad as was feared.

The pace of decision-making is "faster in China than us", Mr Gadkari said, adding that therefore, it happens at times that there is an opportunity but someone else takes it away.

Uncertainty over what Trump will do once he takes office Friday and whether his presidency will mark the end of globalization dominated discussions all week at Davos.

India was given a lowly 2 on a scale of 5 as an influencer or pole based on five broad criteria -- economic size, hard power, soft and diplomatic power, and governance quality and distinctiveness.

On push for digital economy and the recent demonetisation move and whether the pain would be limited to short-term given the world economy is going through uncertain times, he said.

Developed by students and professors of prestigious Carnegie Mellon University (CMU) as a research project, SARA became a key exhibit at the WEF annual meeting.

Optimistic about job creation, going ahead, Kotak said, "I am a great believer that India should incentivise delta jobs created in any sector."

The issue was discussed at an "informal meeting" of key WTO members, including India, China, Brazil, Japan and Australia, in Davos last week.

The trust gap between the informed public and the mass population globally has widened to a record high level, while the divide is fourth highest in India among all major countries, a new survey has found.

The Global Competitiveness Report published by the Geneva-based body, which is most famous for gathering politicians and billionaires for an annual exchange of views at the Alpine resort of Davos, showed the same 10 countries filling the top 10 spots for at least the third year running.

The 45th annual meeting of the World Economic Forum (WEF) will take place from January 21 of 24 in Davos-Klosters, Switzerland, with 'The New Global Context' as its theme.

A free bitcoin pizza stall and a "Liquidity Lounge" were among the treats on offer for attendees at this year's meeting in Davos

A free bitcoin pizza stall and a "Liquidity Lounge" were among the treats on offer for attendees at this year's meeting in Davos

Stressing on the need to focus more on services sector exports, Union Minister Piyush Goyal has said it can help boost the country's overall exports