India, China steal the show as Davos meet draws to a close

Prakash Chawla
Davos, Jan 31 (PTI) Curtains came down on the World
Economic Forun meeting after five days of intense debate on
rebuilding the global economy by world leaders and corporate
honchos.

About 2,500 participants, including CEOs of almost all
the Fortune 1,000 companies, and government heads discussed
and brainstormed the future of the global economy after its
worst recession since the World War II.
The 95-member strong Indian delegation at the centrally-
heated Congress Centre, nestled in the snow-laden Alps,
included Indian Road Transport Minister Kamal Nath, Commerce
and Industry Minister Anand Sharma and Planning Commission
Deputy Chairman Montek Singh Ahluwalia.
Captains of Indian industry Vijay Mallaya, Rahul Bajaj, K
P Singh, Chanda Kochhar, O P Bhatt, Sunil Bharti Mittal and
Anand Mahindra spoke on how the emerging economies put up a
better show, while the rich countries crumbled under the
weight of the financial meltdown.
"India is now being seen as a land of opportunities.
There is an interest in India. India's growth drivers are
really more fundamental and advantageous (than in the rich
nations)," said ICICI Bank's MD & CEO Chanda Kochhar.
Even when there was a strong acceptance that the future
belongs to Asia, the developed world unlikely to take it lying
down. "They (the West) are not at peace with the idea that
they are not going to grow," while India and China continue to
expand, Jamshed Godrej, said. MORE PTI PC
RDM


The information contained in this electronic message and any attachments to this
message are intended for the exclusive
use of the addressee(s) and may contain proprietary, confidential or privileged
information. If you are not the intended
recipient, you should not disseminate, distribute or copy this e-mail. Please
notify the sender immediately and destroy
all copies of this message and any attachments contained in it.



Delete & Prev | Delete & Next