Global Future Possibilities Index Reveals India at 35th Position, UK Tops the List
Global Future Possibilities Index Reveals India at 35th Position, UK Tops the List

India has secured the 35th position in a global ranking of countries well-positioned to capitalize on future opportunities, with the UK leading the list. The Future Possibilities Index (FPI), a significant study on global future trends conducted by Newsweek Vantage and Horizon Group during the World Economic Forum Annual Meeting, unveiled this ranking. Denmark, the US, the Netherlands, and Germany follow the UK in the top five.

Among major emerging markets, China stands at 19th place this year, followed by Brazil at 30th, India at 35th, and South Africa at 50th. The study assessed various factors to help governments, investors, and private sector stakeholders harness six global transformative trends for growth and well-being across 70 countries.

These trends include the Exabyte Economy (advanced digital technologies), Wellbeing Economy (health prevention and wellness), Net Zero Economy (carbon emissions reduction), Circular Economy (recycling and reuse), BioGrowth Economy (food and agriculture innovations), and Experience Economy (consumption of experiences over physical goods).

According to the study, the combined business opportunity from these trends is estimated to exceed USD 44 trillion by 2030, accounting for over 40% of global GDP in 2023. The research utilized data from recognized international organizations and a survey of 5,000 business executives conducted by Phronesis Partners for the project.

However, the report indicates that these opportunities are likely to favor the Global North over the Global South in terms of economic growth and broader societal well-being. It emphasizes the need for a robust industry base to benefit from these trends. The report also calls on the international development community to assist developing countries in maximizing these opportunities by strengthening related industries.

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