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Chidambaram was addressing the WEF meet in Davos on Wednesday.
The list is topped by Russia while India and China are ranked 4th and 5th respectively.
The peace talks will begin on Wednesday in the Swiss city of Montreux.
Lavrov was addressing an annual press conference in Moscow on Tuesday.
The two nations are stepping up a joint anti-terror campaign ahead of the Sochi Winter Olympics.
China, the Philippines, Vietnam and other nations lay contesting claims to these waters.
Dilma Rousseff, President of Brazil, will address the meet on Friday.
The Russian President said the two nations are working on "interesting joint plans".