will going back to the cultural roots of india help india to develop pros and cons
Answers
Answer:
If India can sustain annual GDP growth of 9-10 percent over the next 15 years, by 2025 it will likely overtake Japan and be the world's third-largest economy after China and the United States.
Explanation:
A young India, with a large digitally enabled middle class is asking for growth and change.
Without building the skills and capabilities necessary to drive innovation, the nation risks
stagnation. However, if India can create capabilities for growth and new solutions, the
opportunities, both at home and abroad, are limitless.
Our report, Future of India - the Winning Leap is driven by the belief that India can build
shared prosperity for its 1.25 billion citizens by transforming the way the economy creates
value. Corporate India has a critical role to play in this story, not only by creating value by
addressing key societal needs, but in supporting a vibrant entrepreneurial sector. Additionally,
it needs to partner with the government in order to implement new developmental
approaches.
PwC’s analysis of key sectors such as education, healthcare, agriculture, financial services,
power, manufacturing, retail, urbanisation, digital and physical connectivity suggests that
new solutions are necessary in each sector. These Winning Leap solutions will enable sectoral
growth with a fraction of the resources to attain desired outcomes. As the world increasingly
confronts technological change and sustainability challenges, we believe India and the
Winning Leap can offer an exemplar for other growth markets. Our report also outlines how
government will need to create national platforms and improve the ease of doing business.
A sixth of humanity, with the intellect, energy and creativity of a young nation is poised to
grow rapidly. At PwC, we are energised and humbled by this opportunity and the benefits that
can flow to India’s citizens, its businesses, investors and the government. This journey will
have its own sets of challenges, and by no means guarantees growth. But, with a concerted
effort we believe rapid, equitable and sustainable growth is achievable.
As a global business with over 9,000 people in India and a 130-year relationship with the
country, the possibilities highlighted by the report are exciting. PwC is committed to playing
its role in India’s Winning Leap.
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