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World Economic Forum (WEF) President Borge Brende has said India is expected to clock the highest growth among the world’s big economies this year and the country’s economy is witnessing the famous snowball effect that will lead to more investments and more jobs. Brende said there have been reforms that have led to less red tape, better climate for investments and also the digital revolution is really happening in India. 

Brende stated that he is very bullish and optimistic about the country’s growth trajectory but not so optimistic about global growth. He mentioned ‘The growth will lead to more investments, more jobs… it will be an exponential growth in the coming years and you will see a situation where more poverty is eradicated and more opportunities are there for young people.’

Further, he highlighted that India has more of a broad ecosystem of startups than in any other developing country and that is growing. This is something that other countries can also be inspired by, he added. India, which currently holds the G20 presidency, is one of the fastest growing key economies in the world and WEF has had close collaborations with the country for the past many years.