What should the world fear in 2015? A World Economic Forum report released on Friday listed 10 threats. What should comfort India is the fact that it is relatively better off in managing four of the five top threats.
The only one that has immediacy for India is geostrategic competition, ranked at No. 4.
What about the other threats?
At No. 1 is deepening income inequality. A growing economy or one that is on the upswing again does not have to worry so much about this problem.
Jobless growth (No. 2). Well, not for now at least. Lack of leadership (No. 3). Again, not really. Weakening of representative democracy (No. 5). Nope.
Threats and threat perceptions can change fast. But some threats are beyond a country’s control, such as geostrategic threats. A year ago, India faced all the top five threats. Today it faces just one.