WORLD ECONOMIC FORUM 2018 - studyiq.com · WORLD ECONOMIC FORUM 2018 ... Upanishad, the Isha...

17

Transcript of WORLD ECONOMIC FORUM 2018 - studyiq.com · WORLD ECONOMIC FORUM 2018 ... Upanishad, the Isha...

Page 1: WORLD ECONOMIC FORUM 2018 - studyiq.com · WORLD ECONOMIC FORUM 2018 ... Upanishad, the Isha Upanishad •He quoted the Upanishads, saying Indians consider the world one big family
Page 2: WORLD ECONOMIC FORUM 2018 - studyiq.com · WORLD ECONOMIC FORUM 2018 ... Upanishad, the Isha Upanishad •He quoted the Upanishads, saying Indians consider the world one big family
Page 3: WORLD ECONOMIC FORUM 2018 - studyiq.com · WORLD ECONOMIC FORUM 2018 ... Upanishad, the Isha Upanishad •He quoted the Upanishads, saying Indians consider the world one big family

WORLD ECONOMIC FORUM 2018•Creating a Shared Future in a Fractured World

_____________________________________

The 48th annual meeting of WEF is historical as

Narendra Modi became the first Indian PM to address

the World Economic Forum annual summit after 1997.

Davos, Switzerland

Page 4: WORLD ECONOMIC FORUM 2018 - studyiq.com · WORLD ECONOMIC FORUM 2018 ... Upanishad, the Isha Upanishad •He quoted the Upanishads, saying Indians consider the world one big family

NOTES• Bordered by Italy to the south, France to the west, Germany

to the north, and Austria and Liechtenstein to the east.

• The official currency of Switzerland is the Swiss franc.

•Davos is a small town in the Swiss Alps that each January

hosts the World Economic Forum (WEF) – a gathering of

presidents, prime ministers, business leaders, economists and

celebrities.

Page 5: WORLD ECONOMIC FORUM 2018 - studyiq.com · WORLD ECONOMIC FORUM 2018 ... Upanishad, the Isha Upanishad •He quoted the Upanishads, saying Indians consider the world one big family

WORLD ECONOMIC FORUM • The World Economic Forum (WEF) was established as a not-

for-profit foundation in Geneva, Switzerland, in 1971.

• The organization aims to improve the world through public-

private cooperation by engaging the foremost political,

business and other leaders of society to shape global agendas.

• Since the global event is held in the Alpine resort town of

Davos, the event is colloquially called Davos.

Page 6: WORLD ECONOMIC FORUM 2018 - studyiq.com · WORLD ECONOMIC FORUM 2018 ... Upanishad, the Isha Upanishad •He quoted the Upanishads, saying Indians consider the world one big family

NOTES• Through meetings, the WEF gives participants opportunity to discuss global issues.

• This year's WEF has all-female list of co-chairs -IMF chief Christine Lagarde, IBM CEO Ginni Rometty; Norway's PM Erna Solberg, the International Trade Union Confederation (ITUC) general secretary (Belgium) Sharan Burrow; Fabiola Gianotti, director general of the European Organization for Nuclear Research (CERN) in Geneva; Isabelle Kocher, CEO of ENGIE Group; and Chetna Sinha, founder and president of Mann DeshiMahila Bank and Mann Deshi Foundation in India.

Page 7: WORLD ECONOMIC FORUM 2018 - studyiq.com · WORLD ECONOMIC FORUM 2018 ... Upanishad, the Isha Upanishad •He quoted the Upanishads, saying Indians consider the world one big family

THIS IS THE 48TH EDITION OF THE WEF SUMMIT.

•When last time in 1997, an Indian Prime Minister went

to Davos, Indian GDP was little more than 400 billion

dollars

• (GDP - $2.439 trillion 2018)

• India has moved from the seventh largest economy to

the fifth largest economy and the country is likely to be

among top three economies in the world in the next 25

years

Page 8: WORLD ECONOMIC FORUM 2018 - studyiq.com · WORLD ECONOMIC FORUM 2018 ... Upanishad, the Isha Upanishad •He quoted the Upanishads, saying Indians consider the world one big family

MODI JI•Delivering the speech in chaste Hindi and invoking the oldest

Upanishad, the Isha Upanishad

•He quoted the Upanishads, saying Indians consider the world

one big family

•He set the target of $5 trillion by 2025: an ambitious goal

that requires India to nearly double in eight years.

• For the global community his message was very clear. India

has removed red tape, India is welcoming, India is safe and

India will do everything to make foreign investors feel at

home.

Page 9: WORLD ECONOMIC FORUM 2018 - studyiq.com · WORLD ECONOMIC FORUM 2018 ... Upanishad, the Isha Upanishad •He quoted the Upanishads, saying Indians consider the world one big family

FDI

•"In this direction, we have also undertaken

bold FDI (foreign direct investment) reforms.

More than 90 percent of the FDI approvals

have been put on the automatic approval

route. As a result of these changes, there has

been a sharp rise in FDI in the past three

years -- from $36 billion in 2013-14 to $60

billion in 2016-17."

Page 10: WORLD ECONOMIC FORUM 2018 - studyiq.com · WORLD ECONOMIC FORUM 2018 ... Upanishad, the Isha Upanishad •He quoted the Upanishads, saying Indians consider the world one big family

MODI JI

•Humanity faces three big challenges: climate change;

terrorism and reverse globalisation.

•And on the globalisation front he outlined how

protectionism and economic nationalism have reversed

the trend of globalisation and that global trade needs to

be increased instead.

Page 11: WORLD ECONOMIC FORUM 2018 - studyiq.com · WORLD ECONOMIC FORUM 2018 ... Upanishad, the Isha Upanishad •He quoted the Upanishads, saying Indians consider the world one big family

WHY WEF IS IMPORTANT FOR INDIA?

• According to Klaus Schwab, Founder and Executive Chairman,

World Economic Forum, India's unique demographic dividend, rising

tide of entrepreneurial spirit, breakthrough innovations, and structural

reforms have enhanced India's long-term economic outlook.

• From the Insolvency and Bankruptcy Code, demonetization to GST

(Goods and Services Tax) and FDI, India has taken a series of steps to

formalise the economy.

• India has received positive feedback from international credit rating

agencies like Moody's and S&P

Page 12: WORLD ECONOMIC FORUM 2018 - studyiq.com · WORLD ECONOMIC FORUM 2018 ... Upanishad, the Isha Upanishad •He quoted the Upanishads, saying Indians consider the world one big family

CRYSTAL AWARD

• 24th Crystal Award

___________________________________

Shah Rukh Khan

Elton John (English singer, pianist, and composer)

Cate Blanchett (Australian actress)

_____________________________________

The Annual Crystal Awards ceremony, which opens the World

Economic Forum summit in the Swiss ski resort, celebrates the

achievements of outstanding artists who have shown exemplary

commitment to improving the state of the world.

Page 13: WORLD ECONOMIC FORUM 2018 - studyiq.com · WORLD ECONOMIC FORUM 2018 ... Upanishad, the Isha Upanishad •He quoted the Upanishads, saying Indians consider the world one big family

NOT THE FIRST TIME THOUGH

• SRK received the award for “his leadership in championing children’s and women’s rights in India,”

• The past awardees from India include Amitabh Bachchan, Mallika Sarabhai, A R Rahman, Shabana Azmi, Ravi Shankar and Amjad Ali Khan.

• Mallika Sarabhai Shah is an activist and Indian classical dancer from Ahmedabad, Gujarat, India

• Daughter of space scientist Vikram Sarabhai (father of India's space programme)

Page 14: WORLD ECONOMIC FORUM 2018 - studyiq.com · WORLD ECONOMIC FORUM 2018 ... Upanishad, the Isha Upanishad •He quoted the Upanishads, saying Indians consider the world one big family

THE INCLUSIVE DEVELOPMENT INDEX 2018

•The Inclusive Development Index (IDI) is an annual

assessment of 103 countries’ economic performance

that measures how countries perform on eleven

dimensions of economic progress in addition to GDP. It

has 3 pillars; growth and development; inclusion and;

intergenerational equity – sustainable stewardship of

natural and financial resources.

Page 15: WORLD ECONOMIC FORUM 2018 - studyiq.com · WORLD ECONOMIC FORUM 2018 ... Upanishad, the Isha Upanishad •He quoted the Upanishads, saying Indians consider the world one big family

NOTES

•WEF ranks India at 62nd place on Inclusive

Development Index

•Much below China’s 26th position and Pakistan’s 47th

•Norway remains the world’s most inclusive advanced

economy

• India was ranked 60th among 79 developing economies

last year, as against China’s 15th and Pakistan’s 52nd

position.

Page 16: WORLD ECONOMIC FORUM 2018 - studyiq.com · WORLD ECONOMIC FORUM 2018 ... Upanishad, the Isha Upanishad •He quoted the Upanishads, saying Indians consider the world one big family

BRICS

•BRICS economies: Russia was ranked at 19th, followed

by China (26), Brazil (37), India (62) and South Africa

(69).

_________________________________

India’s neighbours: China (26th), Nepal (22), Bangladesh

(34), Sri Lanka (40) and Pakistan (47th)

Page 17: WORLD ECONOMIC FORUM 2018 - studyiq.com · WORLD ECONOMIC FORUM 2018 ... Upanishad, the Isha Upanishad •He quoted the Upanishads, saying Indians consider the world one big family