With the Indian national election scheduled for next year, the World Economic Forum (WEF) has announced that it won’t its annual India Economic Summit this year.
The WEF also said that the meet will hereafter become a biennial affair from 2019, a senior official has said.
WEF President Borge Brende said that as India will choose its next government for 2019, the India Business Summit will be held at that time.
The WEF also said that it will not organize summits on Africa, Middle East and North Africa this year.
The summits will now happen once every two years, Brende said.
The summits are a platform to engage with the foremost political, business and other leaders to shape global, regional and industry agendas.
The Geneva-headquartered body had organised its 33rd India Economic Summit in New Delhi in October last year with the theme — Creating Indian Narratives on Global Challenges.>