The world's richest one percent raked in 82 percent of the wealth created last year while the poorest half of the population received none, Oxfam said Monday, as the world's elite prepared to mingle at the World Economic Forum in Davos.

The richest 1 per cent in India cornered 73 per cent of the wealth generated in the country last year, a new survey showed today, presenting a worrying picture of rising income inequality.

This week, President Donald Trump is scheduled to head to the 2018 World Economic Forum in Davos, Switzerland. The U.S. leader may seem an unlikely guest - Davos brings together the world's political and economic elite for what is generally viewed as a celebration of globalization.