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WEF Davos 2022 Highlights: The Swiss ski resort town of Davos is hosting the World Economic Forum Annual Meeting yet again after a gap of nearly two-and-a-half years. The event starts from May 22 and will continue till May 26.
Global leaders, including from India, will participate in the international event. This year, it is expected that the forum will discuss on the topic related with Ukraine crisis, climate change and a host of other issues affecting the world.
Among the leaders who will speak at the event include Ukraine President Volodymyr Zelensky, European Commission President Ursula von der Leyen and German Chancellor Olaf Scholz. Meanwhile, India will be represented by Union Ministers Piyush Goyal, Mansukh Mandaviya and Hardeep Singh Puri. Also, Karnataka CM Basavraj S Bommai, Andhra Pradesh CM Y S Jaganmohan Reddy, KT Rama Rao from Telangana, Aditya Thackeray from Maharashtra and Tamil Nadu's Industries Minister Thangam Thennarasu will participate with several other public figures and a host of CEOs to discuss key issues over the next five days.
More than 50 heads of government or state are expected to attend the annual meeting. Earlier, the annual meeting of 2021 could not take place physically, while the 2022 one had to be postponed due to the Covid pandemic.
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If oil stays at $110/barrel, then we are looking at bigger threats than inflation, says Oil Minister Hardeep Singh Puri
Petrol consumption 14% higher month on month, diesel up 2-3%, says Oil Minister Hardeep Singh Puri
Speaking with CNBC-TV18, Oil Minister Hardeep Singh Puri said that Oil prices at $110 per barrel not sustainable globally. Adding more, he said, "Yesterday's excise duty cuts is a sequel to cuts made in November. Petrol consumption 14% higher month on month, diesel up 2-3%."
Countries like India will be among the winners when the dust settles, says Bain & Company CEO Manny Maceda
Speaking with CNBC-TV18, Bain & Company CEO Manny Maceda said, "Countries like India will be among the winners when the dust settles."
Maceda added that energy dependent sectors and economies may face face infaltionary constraints and over the next 6-9 months every company has to balance short-term agile financing.
WEF Davos 2022 LIVE Updates: Believe India will grow at 8% and looks better placed says WEF's President Borge Brende
Believe India will grow at 8% and looks better placed, World Economic Forum's President Borge Brende tells CNBC-TV18. He further added, "For India, things look better better while other countries are beginning to struggle."
Seeing global economic growth slowing, it will impact demand, says WEF's President Borge Brende
