Wealth accumulated by the richest one per cent will exceed that of the other 99 per cent in 2016, the Oxfam charity said today, ahead of the annual meeting of the world's most powerful at Davos, Switzerland.

The annual congregation of the global elite for the World Economic Forum (WEF) in the coming week will have a strong India presence with senior Union ministers Arun Jaitley and Piyush Goyal, along with over 100 top corporate leaders, set to leave for the Swiss ski resort town of Davos.

The annual congregation of rich and powerful people at the high profile WEF annual meeting at Davos next week will see over 2,500 corporate and political leaders including Finance Minister Arun Jaitley as also 40 heads of states and governments from across the world.