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Bloomberg
India is contemplating organising an annual global investors’ meet in the country, akin to the World Economic Forum in the alpine resort of Davos, to carve out a bigger global role for itself.
The move will help create a niche for Asia’s third-biggest economy within the international financial system, Finance Minister Nirmala Sitharaman said in her budget speech.
China — India’s geopolitical and economic rival — already has its own version of such a summit, known as the Boao Forum for Asia.