As the annual WEF jamboree begins here today, over 100 business and political leaders from India will join the world's rich and powerful, including 50 government heads, to discuss current state of economic affairs in freezing weather of this Swiss Alpine resort town.

Urban Development and Parliamentary Affairs Minister Kamal Nath will lead the Indian delegation to the annual meet of the World Economic Forum (WEF) at Davos, Switzerland, starting next week.

Despite Europe's avoidance of a euro break-up in 2012 and the United States stepping back from its fiscal cliff, business leaders and academics fear politicians are failing to address fundamental problems, says the Global Risks 2013 report by the World Economic Forum.