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Spotlight on India, China at Davos

DAVOS (SWITZERLAND): As curtains came down on the annual meeting of the World Economic Forum (WEF) here on Sunday, the spotlight remained on India and China, with global business leaders expressing interest in tapping the booming economies of the two Asian giants.

This was a clear shift from the last two editions of the meeting. In 2004, the discussions revolved around China, India, Russia and Brazil. Last year, China took the centre stage.

At the final session of the WEF on Sunday, the former World Bank president, James Wolfensohn, termed as "hugely important," the global shift to India and China — the two most populous countries, whose growing economies and huge domestic markets have attracted loads of foreign investments.

"We're moving from six billion to nine billion people in the next 50 years... hence the focus on India and China," he said. — PTI

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