The World Economic Forum Annual Meeting 2007 has started with the theme of “Shifting Power Equation” from 24th January. India being an emerging and faster growing economy over the world has actively participated in the meeting.
World Economic Growth and Developing Economies:
World Economy has experienced a faster rate of growth led by the developing economies. Many developing economies like India have grown very fast by adopting the process of Globalization. But the process of Globalization should be managed carefully for removing the problems of growing income inequality and environment pressures, which is better realized by India recently. The economy has started working on “ Globalization Work from Indian Prospective”.
Rising Economic Opportunities for Emerging Economies:
Emerging economies such as India can get more benefits from the principles of opening trade and investment. The business climate in India’s economy is changing faster. As to the doing business report, India’s economy ranks 134th and adopting the reforms process at a faster pace.
Young Population In India:
India constitutes a larger group of young population in the world. The need of the hour is to render proper education and training for achieving international expertise.
Urbanization in Developing Economies:
As to statistics, less than 1/3 of India’s population live below poverty line. There is a lack of urban infrastructure in the country like India, which is a serious bottleneck.
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