In the recently released Future Possibilities Index (FPI) for 2024, India has been ranked 35th, while the UK topped the list. The FPI, developed to understand how nations leverage six key transformational trends for economic and social development, offers a unique perspective on India’s readiness and capacity to harness these emerging opportunities.
India’s position in the global context
India’s ranking at 35th places it in a promising position among emerging markets, showcasing its potential in adapting to global trends. While the top positions are occupied by the United Kingdom, Denmark, and the United States, India stands out among its peers for its emerging capacity to adapt to these transformative trends.
The road ahead for India
The road ahead for India
The FPI’s findings suggest a significant opportunity for India to further develop its strategies in line with these global trends. The country’s performance in the index is a call to action for policymakers, industry leaders, and stakeholders to align their efforts towards leveraging these trends for improved social and economic wellbeing.
As the world continues to evolve rapidly, the FPI offers a roadmap for countries like India to navigate and capitalize on the transformations reshaping global economies and societies. With its unique demographic advantages and growing technological capabilities, India’s journey in the global landscape as outlined in the FPI 2024 is a narrative of potential, challenge, and opportunity
As the world continues to evolve rapidly, the FPI offers a roadmap for countries like India to navigate and capitalize on the transformations reshaping global economies and societies. With its unique demographic advantages and growing technological capabilities, India’s journey in the global landscape as outlined in the FPI 2024 is a narrative of potential, challenge, and opportunity
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All about the Future Possibilities Index
All about the Future Possibilities Index
The “Future Possibilities Index 2024” presents a comprehensive analysis of how 70 countries, encompassing more than 90% of global GDP, are positioned to leverage six key transformational trends. These trends, identified for their systemic nature and global relevance, include the Exabyte Economy, Wellbeing Economy, Net Zero Economy, Circular Economy, BioGrowth Economy, and the Experience Economy. The FPI evaluates these countries based on their readiness and capacity across three main areas: Government Strategy and Policy, Industry Strength, and Core Capacity.
The index reveals that countries like the United Kingdom, Denmark, and the United States lead the rankings due to their strong all-around performance in harnessing these trends. In contrast, emerging economies such as India, China, Brazil, and Malaysia demonstrate notable potential. The FPI also highlights the differences in trend leadership, with countries like Singapore excelling in the Wellbeing Economy and Germany in the BioGrowth Economy.
The index reveals that countries like the United Kingdom, Denmark, and the United States lead the rankings due to their strong all-around performance in harnessing these trends. In contrast, emerging economies such as India, China, Brazil, and Malaysia demonstrate notable potential. The FPI also highlights the differences in trend leadership, with countries like Singapore excelling in the Wellbeing Economy and Germany in the BioGrowth Economy.
The FPI serves as a critical tool for businesses and governments to understand and strategize their long-term plans in alignment with these global trends. It emphasizes the importance of developing appropriate policies, industrial capacities, and structural foundations to seize advanced opportunities each trend offers. This index not only guides investment decisions but also aids in shaping a better future for societies globally by advancing towards Sustainable Development Goals.
