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Over the promo next tassimo three promo decades, the country brought its economy and HDI to a level that placed it firmly in the class of devel- oped code nations.
(See Figure.9.) Below, we summarise follow-on improvements that will come from strengthening organised retail in India.
China, for example, has tissage shown remarkable economic growth, albeit under political and social circumstances that are promo very different from those that charac- terise India.
To seize these opportunities, corpo- janvier rate executives, entrepreneurs, and government agencies should weave these vectors into their strategic planning over the next 20 years.At PwC, we are energised and humbled by avril this opportunity and the benefits that can promo flow to Indias citizens, its businesses, investors and the government.Our analysis of sector growth suggested three categories of solutions.South Korea has vastly improved its HDI since 1983.III HDI is a tool home developed by the United Nations to measure and rank countries levels of social and economic development based on four criteria: life expectancy at birth, mean years of schooling, expected years of schooling, and gross national income per capita.Mobile, Internet, code and social media penetration and growth can be expresse quantified, but describing the changes in social Figure.1: Indias working-age population C ChinaC IndiaI United StatesUS BrazilB South KoreaSK Forecast Working-age population (15-64 years),000 1, S US Source: United Nations Development Programme values and. Meanwhile, the best-performing states, such as Kerala and Tamil code Nadu, have piercing reported numbers close to those of the developed countries.
This journey will have its own sets cumulable of challenges, and by no means guarantees growth.The growth of a young population thats enjoying rising incomes is creating promo a large emerging middle class in India.Scenario.220.127.116.11.4 trS2 S1 B Scenario 2S2Scenario 1S1 cagr (2014-2034 9 BaselineB Winning leap Forecast Source: Oxford Economics Three economic-growth scenarios With data and modeling from Oxford Economics, weve defined three possible economic promo growth scenarios for promo India.(See Figure.6) Figure.6: Survey responses Approach that needs to be adopted promo Fierce catchup Significant skimium Leap Leapfrog 60 of respondents believe India needsout of the box cumulable thinking/non- linear solutions years 10 years 20 years 50 years Source: PwC India Employee Survey (N1500) 87 believe.Below, we offer recommendations.Ajay Kumar Misra Tata Global Beverages increasing power delivery three- fold can be achieved through approaches code that save US200bn in capital expenditures.To these ends, India can replicate global best practices in telemedicine.Sarva Shiksha Abhiyan (universalisation of elementary education) and the Rashtriya Madhyamik Shiksha Abhiyan (National Mission for Secondary promo Education) are positive steps in this direction.Ajay Piramal code Piramal Group promo To improve its performance on these and other fronts, India needs to view its challenges as interconnected.Empower students through skills development India can improve inclusion and quality of education by adopting a credit-based code system for vocational education and allowing promo interoper- ability of credits between vocational and mainstream schooling.India must therefore embrace nonlinear growth solutionsthose that lever- age technological or business-model revolutions.
Hdiindex (30 years).63 (World HDI:.56).89 (World:.70) Growth: 26 points Indias human-development leap hdiindex (20 years).59 (World HDI:.70) Ambition:.85 Growth: 26 points Source: United Nations Development Programme Although South Korea is smaller than China, its economic and human-development achievements make the.
27Future of India Intuitively, I feel we are sitting at the cusp of one of the biggest changes since 1850.