World Productivity Congress in India after 45 years of gap
The World Productivity Congress has been conducted by the World Confederation of Productivity Science since 1969. It was last held in India in 1974. The Congress is held under the theme
Theme: Industry 4.0-Innovation and Productivity
Highlights
The 19th World Productivity Congress to be held in Bengaluru aims at catalyzing government approaches in enhancing productivity. It is to be held between May 6, 2020 and May 8, 2020.
Purpose
The Congress will act as a platform to shape future productivity growth. It will also help India and other attending stakeholders to learn innovative approaches that are essential to support the growing population. It is expected that the world population will reach 9.7 billion by 2050 and 11.2 billion by 2100 according to the United Nations.
Significance
According to the World Economic Forum, India will become the third largest economy in the world after US and China by 2030. Also, in the next few years India is expected to grow at 7% though it is facing a slowdown currently. This huge market potential of India makes it an ideal choice for the 19th world productivity congress.
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Month: Current Affairs - February, 2020