Davos Summit 2022 | World Economic Forum’s Davos Agenda 2022

Davos Summit 2022- Relevance for UPSC Exam

• GS Paper 2: International Relations- Important International institutions, agencies and fora- their structure, mandate.

Davos Summit 2022- Context

• Recently, the Prime Minister of India delivered a special State of the World special address at the World Economic Forum (WEF)’s Davos Agenda 2022 through video conferencing.
• At Davos Summit, he zeroed on to the consumerist tendency of “use and dispose” and argued for changing this trend by launching a global people’s movement.
• Davos Summit 2022- Davos Summit 2022 is being held between 17-21 January 2022.
  • World Economic Forum (WEF) will host a series of virtual plenaries aligned with the Annual Meeting objective of orienting global leaders on the imperatives of the year ahead.

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Davos Summit 2022- India’s Stance at Davos Summit

• Fighting Climate Change: Indian Prime Minister suggested that ‘Lifestyle for Environment’ is useful for fighting climate challenges
  • In his Davos 2022 summit, India suggested the world launch a people’s movement with “3 Ps” – “Pro Planet People”.
• Countering Covid-19: highlighted the role of India in countering the covid-19 pandemic, especially the role played by Indian doctors and health professionals.
  • India is the third-largest pharma producer in the world.
  • In COVID times, India following the vision of ‘One Earth, One Health’, is saving crores of lives by giving essential medicines and vaccines to many countries.
• Pro- Business, Innovation and Entrepreneurship Friendly India: PM said at the Davos summit that the spirit of entrepreneurship is at a high among the youth of India.
  • India highlighted that more than 50 lakh software developers are working in the country and 10,000 startups have registered in the last six months.
  • The digital infrastructure that India developed and adopted in the last few years has turned out to be a major strength for India.
  • For example- the Arogya Setu app (used for the tracking of corona infection) and the Co-Win portal (used for vaccination are technological solutions).
  • Deregulation of several sectors like drones, space, geospatial mapping.

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Davos Summit 2022– Key Points

• About: Davos Summit is an annual dialogue organized by World Economic Forum (WEF) in Davos (Switzerland).
• Objectives: Davos Agenda will mobilize heads of state and government, business leaders, international organizations and civil society to share their outlook, insights and plans relating to the most urgent global issues.
  • The Davos meeting will also provide a platform for connection, enabling the public to watch and interact, through live-streamed sessions, social media polling and virtual connections.

World Economic Forum (WEF)

• About: World Economic Forum (WEF) is an international non-governmental and lobbying organization.
  • Klaus Schwab is credited to have founded World Economic Forum (WEF) on 24, 1971.
  • It is recognized as the international institution for public-private cooperation by the Swiss government.
• WEF Headquarters: World Economic Forum (WEF) is based in Geneva, Switzerland.
• Funding: World Economic Forum (WEF) is mostly funded by its 1,000 member companies.
• Mandate: WEF is committed to improving the state of the world by engaging business, political, academic, and other leaders of society to shape global, regional, and industry agendas.

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