Noticeably absent from this year’s World Economic Forum will be the Russian tycoons who were once a fixture at the annual capitalist confab.

More than Indians, who were also seen enjoying their pizza and fondue, foreigners appeared more keen on samosas, kachoris, tikkas and biryanis, as also various Indian flavours of tea and coffee.

A new age of great-power rivalry is redrawing the map of the world economy and forcing business chiefs to navigate around a growing number of global flashpoints.