A growing dependence on digital systems has heightened the risks posed by cyber-security threats globally as the world enters the third year of the Covid-19 pandemic, said a latest survey of global business leaders.
The survey by the World Economic Forum (WEF) found that apart from the cyber-security threat, the top risks for the Indian economy was fracture of inter-state relations, widespread youth disillusionment and digital inequality.
The Global Risks Report 2022, released ahead of WEF’s online Davos Agenda meeting next week, said climate-related risks dominate the list of biggest concerns by impact and likelihood, most notably in the long-term where five of the top 10 global risks are all climate or environment-related.
With regard to India, the report said fracture of interstate relations, debt crises in large economies, widespread youth disillusionment, failure of technology governance and digital inequality are the top five risks identified for the Indian economy by the WEF’s Executive Opinion Survey.
The coronavirus pandemic has not impacted India’s long-term growth trajectory although it has delayed it and in this decade, the country will lead the global growth rates, Tata group chairman N. Chandrasekaran said on Tuesday.