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India: A bright spot in the global economic arena
India: A bright spot in the global economic arena

New Delhi ,15th June 2022 (TIWN): The World Economic Forum’s Annual Meeting took place during May 22-26 at Davos, Switzerland. The WEF meet was attended by about 3,000 participants from across the world including 109 from India. In an interview on the sidelines of WEF, Borge Brende, President of the World Economic Forum (WEF) described India as one of the main drivers of the global economy amid post Covid-19 disruptions, further aggravated by the Ukraine War.

He described India as a “bright spot” in the global economic arena as India is poised to achieve a higher growth rate in FY 2022-23 than the global average.

India is set to grow by 7-8 per cent this year as compared to an estimated 3 percent growth rate for the global economy as a whole. According to the WEF President, the faith of the global leaders remains intact on the long term prospects of the Indian economy notwithstanding temporary disruptions due to moderation of demand and disruptions in supply chains in the global market.

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