International Labour Organization Director-General Guy Ryder, speaking in Geneva before heading to attend the Alpine conference, said a feature of the annual meeting was the glaring gap between words and actions of participants over the issue.

Speaking on the eve of an annual gathering of the world's financial and political elites in Switzerland's Davos, Klaus Schwab also told The Associated Press that the big risk now is the world moving into a cycle of deflation.

Andhra Pradesh Chief Minister N Chandrababu Naidu will leave for Davos early on Tuesday to attend the World Economic Forum (WEF) as a special invitee at the annual meet that sees dozens of heads of state, corporate leaders and experts discuss a range of issues.