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General Studies Prelims

General Studies (Mains)

PM Modi to address the 3rd Annual Bloomberg New Economy Forum

The Prime Minister of India, Shri Narendra Modi, will deliver his address at the 3rd Annual Bloomberg New Economy Forum. The Annual Forum is to be held on November 17, 2020.

Bloomberg New Economy Forum

The Bloomberg New Economy Forum was established in the year 2018 by Mr. Michael Bloomberg. The forum seeks to build a community of leaders so as to engage in real conversations that lead to actionable solutions about the critical challenges. The critical challenges includes that the world economy faces in the historic transition. Bloomberg New Economy Forum is an invitation-only event. It is held for the business executives, government officials and academics.

First Bloomberg forum

The first and the inaugural Forum was held in Singapore in the year 2018. The participants of the 2018 represented more than $5.36 trillion in market cap. IT has boasted over 400 delegates from around the world.

Second annual forum

The second annual Forum of the Bloomberg new economy was hosted in Beijing in the year 2019.

What is discussed in forum?

The first and the second forum had covered a wide range of topics such as global economic management, trade and investment, capital markets, technology, urbanization, climate change and inclusion.

Third annual forum

The third forum will involve the discussions about recovering the economy that has been affected amid the COVID-19 induced lockdowns.

About Bloomberg L.P.

It is a private financial, software, data, and media company. It has been headquartered in Midtown Manhattan, New York City. The company was founded by Michael Bloomberg in 1981. It provides financial software tools and enterprise applications including analytics and equity trading platform, data services and news to financial companies and organizations.

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