This will be the first participation by an Indian prime minister in the WEF in over the past two decades. In 1997, the then prime minister H D Deve Gowda had attended the Davos summit.

The Davos paper said Trump's administration believed "unfair" trade had led to large trade deficits and job losses, but policies based on such thinking could end up harming the people they aimed to help.

Globally, the environment-related risks top the charts, as per the survey of around 1,000 global leaders described by the WEF as members of its "multi-stakeholder communities".