55th annual meeting of World Economic Forum to begin

The 55th World Economic Forum (WEF) Annual Meeting will begin Monday at Davos in Switzerland. During the five-day event, India’s model of inclusive growth and digital revolution will be highlighted. The Indian delegation will be spearheaded by Information and Broadcasting Minister Ashwini Vaishnaw along with Jal Shakti Minister C R Patil, Civil Aviation Minister K. Rammohan Naidu, Food Processing Industries Minister Chirag Paswan and Minister of State for Skill Development and Entrepreneurship Jayant Chaudhary. India’s impressive economic growth continues to capture global attention, with significant strides across the key sectors, solidifying its position as a leading player on the world stage.y, The spotlight will be on pressing global issues like the Ukraine-Russia war, Trump 2.0, and the rise of articial intelligence. India's Southern states, including Kerala, Tamil Nadu, Andhra Pradesh, Telangana are gearing up to attract global investors by showcasing the region’s industrial advancements and investment opportunities at the 55th World Economic Forum (WEF) annual meeting from January 20-24 in Davos.
In 1971, Professor Klaus Schwab founded the World Economic Forum as a notfor-profit foundation under the supervision of the Swiss Federal Government to promote stakeholder capitalism. He chose Davos as the home for the annual meeting for the escape from the every day that the mountains represent in Swiss and German culture. Initially, the forum focused on how European firms could catch up with US management practices. But by 1973, global events like the Arab-Israeli War and the collapse of the Bretton Woods fixed exchange rate mechanism led to the annual gathering expanding its focus from management to economic and social issues. 
In 1975, the forum introduced a membership system for 'the 1,000 leading companies of the world'. Since then, every year, Davos brings together some 3,000 participants (including paying members and selected invitees), among whom are investors, business leaders, political leaders, economists, celebrities and journalists, for a five-day summit that discusses global issues.