व्हाट आर द चैलेंजिस बिफोर इंडिया इन फ्यूचर
Answers
Explanation:
India is at a tipping point, both in terms of economic growth and in the human development of its more than one billion citizens. The country is the sixth largest economy in the world, with a GDP of $2.6 trillion in 2017. Its GDP growth rate for 2019 is projected to be almost 7.5%, as it continues to be a major engine of global economic growth. It does this while being the world’s largest democracy and the world’s second most populous nation, with nearly 1.35 billion people spread across hundreds of thousands of large urban centres, small towns and rural clusters.
The World Economic Forum’s Insight Report, “Future of Consumption in Fast-Growth Consumer Markets: India”, in collaboration with Bain & Company, paints a vision anchored in rising incomes and a broad-based pattern of growth and benefit-sharing. India is growing its middle class and lifting nearly 25 million households out of poverty.
Answer:
India is at a tipping point, both in terms of economic growth and in the human development of its more than one billion citizens. The country is the sixth largest economy in the world, with a GDP of $2.6 trillion in 2017. Its GDP growth rate for 2019 is projected to be almost 7.5%, as it continues to be a major engine of global economic growth. It does this while being the world’s largest democracy and the world’s second most populous nation, with nearly 1.35 billion people spread across hundreds of thousands of large urban centres, small towns and rural clusters.
The World Economic Forum’s Insight Report, “Future of Consumption in Fast-Growth Consumer Markets: India”, in collaboration with Bain & Company, paints a vision anchored in rising incomes and a broad-based pattern of growth and benefit-sharing. India is growing its middle class and lifting nearly 25 million households out of poverty.
While sharing an overall strong positive outlook for the country’s consumption future, the report emphasises how unlocking India’s massive implied economic potential in the future depends on accelerating and sustaining its upward trajectory on key human development indicators and aiming for inclusive progress.
The future presents an opportunity for India to tackle the following three big challenges.
1. Skill development and employment for the future workforce
According to the World Economic Forum’s report “The Future of Jobs 2018”, more than half of Indian workers will require reskilling by 2022 to meet the talent demands of the future. They will each require an extra 100 days of learning, on average.