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Gautam Adani: Adani Group Chairman Gautam Adani has said India is well positioned to be off the slippery slope of profit and could be the primary bright spot among several large economies. At the WEF event in Davos, Adani said that our multi-vector, non-partisan approach has ensured that we are well respected and have become one of the leading voices for emerging economies. The growing prominence during the Forum was very evident with the wide participation of Indian companies and government officials.
A challenge before the World Economic Forum – Gautam Adani
He said- there is a challenge before the World Economic Forum. Be it the ease of availability of information, making watching live streaming and multitasking more comfortable, less snow on the slopes due to climate change, panicky commuters, and a war that seems to have no end in sight – all this at the world’s leading thought leadership event. is causing the reduction in speed. Perhaps for the first time, the only G7 leader present was the German Chancellor.
Separation of China and America is an opportunity for India
Sharing his views in a blog post, Gautam Adani has also said that the separation of the world’s trading giants America and China is a great opportunity for India to emerge as a powerful force in the global supply chain. Gautam Adani also said that the global impact of the ongoing tension between the US and China will be seen and it has slowed down economic globalization.
Impact on the global economy
Gautam Adani said that, going into the World Economic Forum (WEF 23), I was surprised to read about massive layoffs by the unremarkable tech industry and warnings from economists about a global recession in the third quarter of 2023. These days, the quality of economists’ predictions is as good as my skiing skills, both on slippery slopes. He said that in addition to the current geo-economic fragmentation and weaponization of economic policies, we are witnessing the separation of China and the US as the Great Fracture, which has large-scale global consequences. Due to this, the global economy is seen to be seriously weakened.
He said- this means that the traditional trade pattern will change as parts of the western world are trying to reduce their dependence on both Russia and China. At the same time, there is an opportunity for India and other ASEAN countries to benefit from the diversification of supply chain risks that can be expected.
What was told in the pre-Covid Davos conference was correct – Gautam Adani
Adani said- The surest sign I noticed was the easy availability of seating at any restaurant we walked into. We were made to feel welcome, except we weren’t told we should reserve a year ahead (yes – that’s what we were told in pre-Covid Davos!). That being said, there is no denying the fact that Davos is still a huge attraction and is rapidly transforming into a major business networking conference.
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