World Economic Forum

Gujarat based Jubilant Ingrevia joins WEF's Global Lighthouse Network

A Gujarat facility of Jubilant Ingrevia on Tuesday became the latest Indian firm to join the World Economic Forum's Global Lighthouse Network, a cohort of industry leaders transforming manufacturing with AI innovation. India-based units of ReNew, Cipla, Ceat, Dr Reddy's, Mondelez International, Unilever, ACG, Schneider Electric and Tata Steel are already on the list. Announcing the names of 22 innovative manufacturers who have joined its Global Lighthouse Network, the WEF said this community now comprises 172 leading production facilities and value chains that harness digital technologies at scale to drive next-generation operational excellence, environmental sustainability and workforce development. About Jubilant Ingrevia Limited (Bharuch, India), it said the company deployed 4IR (Fourth Industrial Revolution) technologies in global brownfield speciality chemical manufacturing and reskilling over 2,000 employees. Through more than 30 integrated use cases leveraging artificial and

3 Adani firms join WEF initiative to play role in global decarbonisation

Three Adani group firms -- Adani New Industries Ltd, Adani Ports and Special Economic Zone Ltd (APSEZ) and Ambuja Cements Ltd -- have joined the World Economic Forum's 'Transitioning Industrial Clusters' initiative, forming the Adani Mundra Cluster. This initiative aims to enhance collaboration and align the vision of co-located companies to drive economic growth, generate employment and advance decarbonisation by 2050, the group said in a statement. "By joining the WEF initiative, the signatories will have the opportunity to collaborate with global industry peers, think tanks, policymakers and experts to pioneer innovative approaches towards decarbonization," said Karan Adani, Managing Director of APSEZ and Director of Ambuja Cements. "The Adani Mundra Cluster aspires to become an integrated green hydrogen manufacturing hub, helping to decarbonise the hard-to-abate sectors of the Indian economy and reduce the country's dependency on energy imports." The WEF has played an important

Slipping scores: How education knocked India down in the gender gap race

The June report of the World Economic Forum indicates that new data on educational attainment has caused a dip in India's gender parity levels

China Premier Li Qiang warns decoupling will lead to 'destructive spiral'

"Exploration should not be seen as zero-sum game," he added.

India ranks 63rd on Global Energy Transition Index, Sweden on top: WEF

India has been ranked 63rd on a global Energy Transition Index released on Wednesday by the World Economic Forum, which said the country has shown significant improvement across energy equity, security and sustainability. European nations dominated the top ranks with Sweden topping the index, followed by Denmark, Finland, Switzerland and France in the top five. China was ranked 20th. The improvement shown by India and some other developing countries such as China and Brazil assumes significance as 83 per cent of countries have moved backwards from last year in at least one of the three energy system performance dimensions - security, equity and sustainability. Taking note of various initiatives taken in India, the World Economic Forum (WEF) said the country is leading the way in creating outcomes that can be replicated elsewhere. It said the governments can also consider creating awareness and policy interventions, such as guidelines for energy-efficient built infrastructure and .

Gender Gap index: Indian women earn Rs 40 for every Rs 100 earned by men

India slipped two spots at 129th rank in World Economic Forum's Global Gender Gap index 2024. While India's economic parity score has been improving, it's 6.2 percentage points below 2012 level of 46%

Pixxel, Sarvam AI among 10 Indian startups in WEF's Tech Pioneers list

Ten Indian startups including Pixxel, Niramai and Sarvam AI have made to the World Economic Forum's Technology Pioneers 2024 list published on Thursday. The list has total 100 leading tech startups which are focused on applying new breakthroughs in AI to develop clean energy solutions, healthcare innovation and progress in biotech, space and neurotechnology. Those having been named on the list in the past include tech giants like Airbnb, Google, Kickstarter and Spotify. Niramai is developing a novel AI-based test for detecting early-stage breast cancer, which is affordable, portable and non-invasive. Pixxel is developing hyperspectral satellite imagery to capture geospatial data, while Sarvam AI is building foundation AI models and platforms for their use with a focus on Indian languages and use cases. Indian entrants also include Amperehour, which is creating dispatchable renewable energy generating plants, and Cropin which is developing a farm monitoring and management solution

Global perception of India is unequal and fragmented: Claude Smadja

To become an alternative to China, India has to address a big challenge -which is that the industrial base of India is too narrow, he said

US to China: Check out WEF's top 10 countries for travel and tourism

India is in 39th position among 119 countries ranked by the forum based on infrastructure, sustainability and other factors

Making Incredible India work

India underperforms its tourism potential

India rises to 39th position in WEF index for travel, tourism development

Country top performer in South Asia and among the lower-middle-income nations

Eyes on Earth: Data helps farming and industry

Earth observation data can drive $3.8 trn in economic benefits while supporting climate change initiatives

Global biofuel alliance sets up three-pronged work plan, says govt

Assessing country landscapes, drafting policy frameworks, and more global engagements focussed on

Vedanta's Priya Agarwal Hebbar joins elite WEF 2024 Young Global Leaders

The World Economic Forum has included 90 change-makers in its Young Global Leaders Class, each below 40 years of age and hailing from a diverse range of sectors

Goenka among 4 Indians from corporate in WEF's Young Global Leaders list

Shashwat Goenka, Vice Chairman of Kolkata-based RP Sanjiv Goenka group, was among the four Indians selected from the corporate sector in the World Economic Forum's latest list of 'Young Global Leaders'. The other three Indians included in WEF 2024's list of Young Global Leaders are FSN E-Commerce Ventures CEO and owner of the Nykaa brand Adwaita Nayar; Jubilant Group Director Arjun Bhartia; and Vedanta Ltd Non-Executive Director Priya Agarwal Hebbar. The WEF on Thursday announced the addition of 90 change-makers to its Young Global Leaders Community, all under 40 years old and representing diverse sectors of society. "I am deeply honoured to have been recognised by the WEF Forum as a Young Global Leader for 2024. I look forward to collaborating with some of the most forward-thinking individuals and exceptional minds worldwide to build a brighter and more sustainable future for generations to come," Goenka said. For two decades, the Forum of Young Global Leaders has been at the ...

DPI, tax code make India attractive investment destination: WEF official

A combination of policy changes such as bankruptcy law and taxation code and the enabling environment created by the digital public infrastructure has made India an attractive investment destination for the financial technology sector, a senior World Economic Forum (WEF) official said. In a video interview with PTI, Matthew Blake, Head of the Centre for Financial and Monetary Systems at the WEF said India has been one of the best-performing markets in the world and investors have made money here. Blake also struck a word of caution saying that since markets do not move in a purely linear fashion and were prone to "ups and downs", there was a need to educate investors. "So this idea of being an informed investor, a diversified investor, and having access to educational resources to do that is really fundamental artificial intelligence (AI)," he said. "I think a combination of different policy choices that have been made make India quite an attractive investment destination. In addit

India on track to be $10 trn economy, set for 3rd largest slot: WEF prez

India is on track to become a USD 10 trillion economy in coming years and grab the third-largest slot soon, World Economic Forum President Borge Brende said on Thursday as he described the country as a place with optimism not seen elsewhere in a very fragmented and polarised world. In an exclusive video interview with PTI, Brende also said that the World Economic Forum (WEF) hopes to come back to the country with the WEF India Summit in collaboration with Government of India when the time is ripe. "The Indian economy is the fastest growing among all large economies of the world. We saw in Davos this year that there was a huge interest in India and I think this will only continue," Brende said. Geneva-based WEF, which describes itself as an international organisation for public-private cooperation, holds its annual meeting in the Swiss ski resort town Davos every year in January. Brende said Indian Prime Minister Narendra Modi is "always very, very welcome to Davos". "When you come

Don't count on a soft landing for the global economy

Despite the relatively buoyant consensus, recent developments suggest that the risks to global growth are still tilted to the downside

Measuring corruption

India remains a middling performer

Karnataka signs MoUs worth Rs 23,000 cr at WEF meet: Minister Patil

Karnataka government has signed eight MoUs worth Rs 23,000 crore with global companies at the recently concluded World Economic Forum meet at Davos in Switzerland, Large and Medium Industries Minister M B Patil said on Wednesday. A Karnataka delegation, which he led, engaged in over 50 meetings with global industry leaders in Davos. "Karnataka successfully signed eight MoUs worth Rs 23,000 crore with global companies. Noteworthy agreements include Web Werks' Rs 20,000 crore investment for a hyper-scale data centre and Microsoft's commitment to digital skilling interventions," Patil told reporters here. The Minister said Hitachi signed an MoU to "stimulate" economic growth in Karnataka, particularly focusing on rural areas. The partnership with emphasis on developing sectors such as healthcare, education, and Panchayat E-Governance aims to create more opportunities and employment for the people of the state, Patil said. Further, MoUs have been signed by five companies across sector