As it flagged billionaires usurping the political landscape globally, rights group Oxfam on Monday cited India's reservation system as a "compelling" example of progress on how ordinary people can be politically empowered.

As the rich and powerful from across the world start filling snow-clad lanes here, a new study said billionaires are 4,000 times more likely to hold any political office than ordinary people.

India will likely become the fastest growing of the large economies this year to such an extent that it would make up for 20 per cent of all global growth, World Economic Forum (WEF) president Borge Brende told NDTV at Davos.