World Economic Forum (WEF) | India to Participate in WEF 2022

World Economic Forum (WEF)- Relevance for UPSC Exam

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

Recently, Union Minister of Commerce & Industry, Consumer Affairs & Food & Public Distribution and Textiles will lead the team India at the World Economic Forum (WEF) in Davos from 23-25 May 2022.

It would further help reinforce India’s position as an important and relevant stakeholder in shaping the global narrative, particularly as India assumes presidency of the G-20 in 2023.
The WEF will also be a platform to project India as an attractive investment destination in view of its robust economic growth and stable macroeconomic indicators.
This year coincides with the World Economic Forum’s 50th anniversary and 35 years of the Forum’s collaboration with India which would provide an opportunity for India to showcase its unified presence including the centre and states.
To mark 75 years of Independence and ‘Azaadi ka Amrit Mahotsav’, DPIIT has taken the initiative to have a consolidated marquee India presence at World Economic Forum, Davos from 22-26 May 2022.
- Alongside the India Lounge, a State Lounge has also been set up.

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.

About: The World Economic Forum (WEF) Annual Meeting 2022 will embody the World Economic Forum’s philosophy of collaborative, multi-stakeholder impact.

Mandate: WEF Annual meeting provides a unique collaborative environment in which to reconnect, share insights, gain fresh perspectives, and build problem-solving communities and initiatives.
- Against a backdrop of deepening global frictions and fractures, it will be the starting point for a new era of global responsibility and cooperation.
WEF Annual Meeting Theme: WEF Annual Meeting Content is split across 8 key themes that allow you to explore the diverse topics addressed during the meeting.

shivam