The minister said other countries, including China, had also raised the issue of settling non-oil trade payments in local currencies.

Prajakta Koli is part of the delegation of YouTube stars covering World Economic Forum's annual meeting at Davos

Uber has worked to cut costs for months, early enough relative to others that a memo the CEO wrote on this tougher stance "landed a bit like a lead balloon initially," Dara Khosrowshahi saidon the sidelines of the World Economic Forum's annual meeting.