Leaders flock to Davos, Indian delegation of 100 to attend WEF meet : Bulletin: Business Today
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Leaders flock to Davos, Indian delegation of 100 to attend WEF meet

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BusinessToday.In | January 21, 2019

The rich and powerful from across the globe are flocking to the ski resort town of Davos on the Swiss Alps for five days beginning today to discuss what's ailing the world economy. More than 100 CEOs from India are expected to attend.

Due to ongoing political and economic issues in their respective countries the US President Donald Trump, Britain's Theresa May, France's Emmanuel Macron and Russia's Vladimir Putin, have decided to stay away from this annual jamboree.

Those expected to attend include German Chancellor Angela Merkel, Swiss President Ueli Maurer, Japan's Shinzo Abe, and Israel's Benjamin Netanyahu among more than 30 heads of state/government. CEOs of global corporations, central bankers, economists, civil society leaders, media heads, celebrities and heads of international organisations like IMF, WTO, OECD and World Bank will also be present.

From India, Finance Minister Arun Jaitley and his cabinet colleague Dharmendra Pradhan have dropped out and so has Andhra Pradesh Chief Minister N Chandrababu Naidu and Maharashtra Chief Minister Devendra Fadnavis.

The political leaders from India attending the event include Madhya Pradesh Chief Minister Kamal Nath, Union Commerce and Industry Minister Suresh Prabhu, Andhra Pradesh minister Lokesh Nara and Punjab minister Manpreet Badal.

There are a number of Indian corporate honchos among the registered participants, including Gautam Adani, Mukesh Ambani (with wife Nita and children Akash and Isha), Sanjiv Bajaj, N Chandrasekaran, Sajjan Jindal, Anand Mahindra, Sunil Mittal, Nandan Nilekani, Salil Parekh, Azim Premji and son Rishad, Ravi Ruia and Ajay Singh.

Celebrity film producer and director Karan Johar, former RBI Governor Raghuram Rajan, New Development Bank President K V Kamath and IMF Chief Economist Gita Gopinath are also expected to be there.

Microsoft's Indian-origin CEO Satya Nadella will be among the co-chairs of the 2019 edition of this annual congregation of world leaders from January 21-25.

He would be joined by six young leaders under the age of 30 as co-chairs

The theme of the event would be 'Globalization 4.0: Shaping a Global Architecture in the Age of the Fourth Industrial Revolution', which would have several India-focussed sessions. Besides, India's political scenario may hog the limelight, with the event taking place ahead of the national elections.

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