The World Economic Forum`s five-day annual meeting began in Davos this morning with top business and political leaders from across the world in attendance in this snow-laden skiing resort town, away from the gloomy economic scenario prevailing in most parts of the globe.
Ahead of the summit, a worldwide CEO survey last evening showed that the confidence has plummeted sharply about the global economic growth, even as the companies are relatively more optimistic about their own revenue growth.
In its first session, the WEF Annual Meeting 2012 is hosting a debate on the future of capitalism and its relevance in the 21st century, even as the event is often known as an annual congregation of the rich and powerful of the world.
The theme of this year`s meeting is `The Great Transformation: Shaping New Models`.
The meeting, among other issues, would discuss `India`s Tall Ambitions`, its preparedness to deliver inclusive growth for a huge population, while achieving effective governance at central and state levels and promoting its model of democratic capitalism.
There would also be a discussion on `How Immune Is India`, in the backdrop of the Europe, Japan and the US facing serious structural and societal challenges.
WEF, a Geneva-based non-profit organisation, has been holding this Annual Meeting here for over four decades now. Close to 40 heads of state or government from across the world are attending the meeting this year, while WEF is anticipating a record of over 2,600 participants this year, including more than 1,600 business leaders from across the world.
