As the 53rd World Economic Forum Annual Meeting is underway at Davos, climate change and India are taking centre stage. The theme of the meeting this year, Cooperation in a Fragmented World, emphasises the importance of working together—across nations, businesses, and individuals to tackle some of the world’s most pressing issues.
India At Davos
Davos is also shining the spotlight on India this year, as our road to a $10 trillion economy and ambitious energy transition targets lead many discussions at the summit.
India’s role in such congregations of global leaders has become increasingly significant in recent years. According to a report by leading London-based consultancy, Economics and Business Research (CEBR), India’s GDP is projected to grow at an average rate of 6.4% annually over the next five years and 6.5% in the following nine years, which will propel India from its current position of fifth place on the World Economic League Table in 2022 to third place by 2037.
Read the full article and the referenced WELT 2023 report.