Amid an intense debate on future of globalisation here at annual World Economic Forum meeting, Mr Kotak said India has been a big beneficiary of the globalisation process.

BlackRock's chief said it was still not clear to him how the new administration planned to pay for massive stimulus measures including investments in ageing infrastructure.

This value - in addition to the livelihoods of 80 per cent of the world's population - is threatened by the decline in ocean health, lack of adequate measuring and monitoring of ocean activities.