Focus On India, China At WEF

Amidst fears of a slowdown in US looming large in the backdrop, the 38th annual meeting of the World Economic Forum opened in Davos on Wednesday, with the world leaders saying that emerging economies India and China would play a key role in dealing with the global financial crisis.The former British Prime Minister Tony Blair and former US diplomat Henry Kissinger expressed confidence that emerging economies like India and China would play a crucial role to deal with the crisis.The financial markets across the globe is faced with an uneasy situation following the sub-prime crisis in the US. It is important that we have good relations with India and China as centre of the political and economic gravity shifts, Tony Blair, who is a Member of the Foundation Board of the WEF said in his opening remarks while referring to the impact of possible US recession.