The 47th edition of the yearly talkfest of rich and powerful began with a welcome address by WEF Founder Klaus Schwab.

Donald Trump's election to the White House had "decisively repudiated the idea of American exceptionalism", says Ian Bremmer of the Eurasia Group.

The WEF Inclusive development report has India lagging behind China, and even Pakistan. With India ranked at 60 out of 79 developing economies, China at 15 and Pakistan at 52.