Commerce Minister Nirmala Sitharaman emphasised that the world needs to do a "reality check" even as she said India remains on track to grow its trade and economy faster.

The commerce and industry minister said the debate here at WEF has been about the fate of globalisation and whether capitalism needs to be demonised.

Rapid technological change threatens to create a new swathe of have-nots and displaced digital refugees, and the solution to this lies in technologies themselves, leaders say.