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Davos meet to discuss future of global economy

Jan 27, 2010 08:23 AM IST Business Business
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Davos: The 40th annual World Economic Forum begins in Davos on Tuesday with world's top economists and business leaders meeting under the shadow of the Haiti tragedy.

They will discuss on how to create a modern economic system that cares for the poor.

The economists and businessmen are expected tackle banking reform, aid for Haiti and the future of the global economy.

But this year, the event hopes to shed the elitist image as the global economy is still troubled by high debts.

Over 30 heads of state and 1,400 business leaders will participate in the five-day long brainstorming session.

The Indian contingent will also have a strong representation with the country's top business tycoons and Planning Commission Deputy Chairperson Montek Singh Alhuwalia attending the meet.

The Indian CEOs list includes Reliance Industries Chairman Mukesh Ambani, State Bank of India Chairman OP Bhatt, ICICI Bank Managing Director and CEO Chanda Kochchar and UB Group Chairman Vijay Mallya.

Before the start of the meet Ahluwali said that India had put the recession behind it and the country would get back to nine per cent growth in 2011-12.

Ahluwalia made the claim while addressing a group of British investors, bankers and executives in London.

But ahead of the first day of the WEF the head of security at Davos was found dead in his hotel room.

Markus Reinhardt, 61, had been head of police in the Swiss canton of Graubuenden since 1984.

According to local police authorities it seems to be a case of suicide. Police captain Marcus Suter is likely to take over the security operations in Davos.