Mr Gadkari said it is very much possible to create a new city like Davos back in India where hotels, shops and conference centres would be set up.

India and China are going to remain in focus in any debate on globalisation as they contribute a big chunk today to the global growth, the National Development Bank president said.

"The irony is that when more walls show up it is a good opportunity for services companies to help do business across those walls," said Mr Sikka of Infosys.