World Economic Forum Annual Meeting 2025

14-Feb-2025

World Economic Forum Annual Meeting 2025

Miscellaneous

Why in News?

The annual meeting of World Economic Forum (WEF) 2025 concluded in Davos, Switzerland, bringing together global leaders to discuss pressing issues under the theme “Collaboration for the Intelligent Age.”

Key Takeaways

Sustainability: Businesses must align growth with sustainability goals for resilience and profitability.
Emerging Technologies: AI and green tech offer opportunities but require responsible frameworks for ethical and efficient implementation.
Partnerships: Multi-sector collaboration is crucial, with potential to unlock $12 trillion in opportunities by 2030.
Climate Action: Urgent decarbonization must ensure a just transition for workers and communities.
India at WEF 2025
- Investment Boom: India secured ₹20 lakh crore, with Maharashtra taking 80% of the share.
- State Contributions: Telangana ₹1.79 lakh crore, Kerala focused on industrial growth, and Uttar Pradesh aims for a $1 trillion economy by 2029 with zero poverty.

World Economic Forum

Founded: Established in 1971 by Klaus Schwab as the European Management Forum, renamed WEF in 1987. Recognized as an international organization in 2015, headquartered in Geneva, Switzerland.
Purpose: Engages global leaders to tackle economic and social challenges, promoting Stakeholder Capitalism—prioritizing long-term value for all stakeholders.
Annual Meeting: Held in Davos, Switzerland, attracting 3,000+ world leaders, executives, and experts to discuss global issues like economy, climate, tech, and geopolitics.
Reports & Indexes: Publishes key reports like Global Competitiveness, Gender Gap, Future of Jobs, Global Risks, and TTDI (Travel & Tourism Development Index).
Influence: Instrumental in major diplomatic efforts, including the G20 formation.