At World Economic Forum, how India made a mark

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Last Updated01/02/2024

Amidst global challenges, Davos 2024 presented an opportunity for India to showcase its standout growth trajectory.
The CII India Business Hub witnessed significant activity as business visitors explored upcoming opportunities.
As an integrated global economy, India emphasizes the importance of securing trust, both commercially and geopolitically.

With steady and proactive government reforms, India is positioned as a technology-driven governance solution provider at a mass scale.
Discussions at Davos highlight the role of Artificial Intelligence (AI) and its benefits while managing associated risks.
India's digital leadership sets the stage for using AI intelligently, offering opportunities for Indian companies to lead in its application.

India actively participates in discussions on key global issues, particularly on socioeconomic aspects.
Participantshighlighted the involvement of Indian women in economic growth and advocated for financial investment in businesses owned by women.
- Ninety million are currently self-employed with credit from financial institutions under the ambit of self-help groups.
- Of the credit they take from financial institutions, their non-performing assets (NPAs) are below 2.5 percent.

Three key developmental challenges related to the transition in energy were highlighted - availability, affordability, and sustainability.
Despite growing fossil fuel dependence, India looks to solutions like green hydrogen.
For India, any transition needs to be carried out through non-disruptive processes, necessitating relevant policy strategies on pricing.

During numerous discussions, it was emphasised that India will continue to be among the fastest-growing economies in the world in 2024.
India’s growth is equitable evidenced by infrastructure development across regions, gender inclusivity, and social security measures for disadvantaged sections.

Moody's recognizes India as a "pocket of resilience" amid global economic challenges.
Today, India is recognised for its economic, social and political stability globally.
As per the UNCTAD World Investment Report, India is one of the favoured destinations for global investments.
- The Prime Minister has also highlighted the government’s mission to propel India into developed status by 2047.
Indian industry participation at Davos reinforces its position as a trusted global partner and resilient economy.

India's thriving economy contributes to collaborative global advancement and reflects a commitment to a bright, sustainable future.
The nation's credibility is seen as instrumental in building a more equitable and inclusive world.