The theme for this year's meeting is "Cooperation in a Fragmented World".
WEF 2023 commenced with the crystal awards ceremony on Monday and is scheduled to go on till Friday, 20 January.
Indian business leaders like Gautam Adani, Sanjiv Bajaj, Kumar Mangalam Birla, N Chandrasekaran, Nadir Godrej, Ajit Gulabchand, Sajjan Jindal, Sunil Mittal, Roshni Nadar Malhotra, Nandan Nilekani, Adar Poonawalla, Rishad Premji and Sumant Sinha are also likely to be present, reported news agency PTI.
India’s Richest 1% Own More Than 40% Of Total Wealth: Oxfam Survey at WEF
Oxfam International, in its annual inequality report released on first day of WEF, revealed that the richest one percent in India now owns more than 40 percent of the country's total wealth, while the bottom half of the population together share just 3 per cent of wealth.
The report further added that taxing India's ten-richest at 5 per cent can fetch entire money to bring children back to school.
"A one-off tax on unrealized gains from 2017–2021 on just one billionaire, Gautam Adani, could have raised Rs 1.79 lakh crore, enough to employ more than five million Indian primary school teachers for a year," it said.