World Economic Forum Report highlights risks facing India despite
continuing economic growth

“India’s own markets and growth outlook will be affected by the
turmoil affecting the global economy,” noted Irene Casanova, Associate
Director of the Forum’s Global Risk Network and co-author of the
report, “particularly if a deeper retrenchment from globalization
follows, which could manifest itself not only through decreased trade
but also through countries taking tougher stances on global issues
such as climate change, resource management and the role and reform of
international organizations.” The report finds that many of the issues
facing India in the four highlighted areas will require considerable
investment on the part of India’s public and private sectors over the
long term. Decision-makers in government and business will be forced
to make trade-offs as to where spending and investments are allocated.
However, a tighter environment may also help speed reforms and
encourage greater efficiency. A great deal of political will and
dialogue with different stakeholders will be required, but India’s
growth is still strong relative to other economies, and its growth
will continue to unfold over decades rather than years.

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