Davos: India secured the 35th position in the global Future Possibilities Index (FPI), which assesses countries’ readiness to leverage future opportunities, with the UK claiming the top spot.
The FPI, a comprehensive study conducted by Newsweek Vantage and Horizon Group during the World Economic Forum Annual Meeting, revealed Denmark, the US, the Netherlands, and Germany in the top five following the UK.
Among large emerging markets, China led at 19th, followed by Brazil at 30th, India at 35th, and South Africa at 50th.
The study evaluated factors enabling governments, investors, and private sector stakeholders to capitalize on six global transformative trends 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).
The combined business opportunity of these trends is estimated at over USD 44 trillion by 2030, exceeding 40% of global GDP in 2023, according to the study. Data from international organizations and a survey of 5,000 business executives conducted by Phronesis Partners were utilized.
The report highlighted that these opportunities are likely to benefit the Global North more than the Global South in terms of economic growth and societal well-being, emphasizing the need for a robust industry base. It called for the international development community to support developing countries in maximizing these opportunities by strengthening related industries.
