Magazine : 
India's Greatest Risks: Corruption, Water Crises and Income Disparity
Bangalore: What are the biggest risks that India is facing? As per The World Economic Forum’s ‘Global Risks Perception Survey’ corruption, water crisis and income disparity are the biggest risks for India. A growing gap between rich and poor, terrorism, and cyber attacks are among the top global risks most troubling India’s experts, said the survey.
It was also noted that the top five global risks in terms of likelihood were rated on a scale of five where severe income disparity was rated 4.03, chronic fiscal imbalances was rated 4.03, rising green house gas emissions was rated 3.88, cyber attacks was rated 3.80, and water supply crises was rated 3.79.
The top 5 risks in terms of impact were major systemic financial failure rated 4.08, water supply crises - 3.99, food shortage crises rated 3.93, chronic fiscal imbalances - 3.87 and extreme volatility in energy and agriculture prices - 3.81.
The report said “Countries such as Indonesia, Vietnam, the Philippines, Mexico, Peru and the BRIC countries (Brazil, Russia, India and China), are racing to take advantage of a demographic window of opportunity presented by large labour forces with relatively few dependents, before this population also ages. These nations’ ability to seize the opportunity is far from guaranteed, given sluggish global growth and reduced demand from developed economies.”
