Once famous for being a summer health resort, Davos has gradually emerged as a major winter sport hub on Alps, but its biggest claim to fame for the past four decades has been World Economic Forum's Annual Meeting every January, beginning 1971.

A sharp plunge in oil prices is likely to transfer $1.5 trillion of wealth to consumers, bringing the US back as global growth engine while India is the most promising story among emerging markets, says a study.

Isha Ambani, daughter of billionaire industrialist Mukesh Ambani, is among the youngest business leaders present and her name incidentally comes first among Indians on the official list of participants at this year's WEF Annual Meeting, arranged alphabetically.