The idea of Gulmarg as Davos was first floated by economist Swaminathan S Anklesaria Aiyar on January 29, 2005, in an article. He wrote: “The world’s biggest capitalist get-together, the annual meeting of the World Economic Forum at Davos, Switzerland, has started this week... Change is in the air. This is what the inaugural speech in 2035 will sound like: Ladies, gentlemen and transvestites (no gasps of surprise please, true capitalism recognises no gender boundaries). Let me welcome you to the annual meeting of the World Economic Forum in Gulmarg. This brings to a happy end the recrimination that, sadly, has paralysed our organisation for several years. You will recall that Chinese businessmen began boycotting Davos in 2020 on the ground that China was now richer than any European country, and so the annual meeting should be held at Shanghai. Then last year, Indian businessmen joined the boycott, pointing out that India had surpassed not only every European country but also Japan in GNP (as was predicted with uncanny accuracy by the CIA in 2004-05). I am glad to say that we have reached an amicable resolution: the annual meeting will now be held in rotation every three years in Davos, Shanghai and Gulmarg.”