World Economic Forum (WEF) President Borge Brende has said that India is a young economy with lot of potential and has demonstrated remarkable strength and resilience amid an economic slowdown globally. Besides, he said the country can play a crucial role in the development of South Asia and sustainability of global economic growth.
Borge Brende has stated that the rise of advanced technologies has the potential to create economic and social value and it can boost the country's goal of maintaining its growth momentum while attaining greater social inclusion and regional cooperation. He also said India is very advanced from many developed economies when it comes to information technology sector, but there is a lot of scope for development in terms of infrastructure.
Meanwhile, the WEF, an international organization headquartered in Geneva, is organizing its 33rd India Economic Summit in New Delhi on October 3-4 under the theme -- 'Innovating for India: Strengthening South Asia, Impacting the World'. Artificial intelligence and drones, start-up unicorns, infrastructure, environmental reforms, gender parity, education and South Asia's economic outlook will be on top of the agenda.