Abstract

Global economic risk management extends beyond India’s borders and will have severe impact if not properly addressed. According to the World Economic Forum (2016), “A global risk is an uncertain event or condition that, if it occurs, can cause significant negative impact for several countries or industries within the next ten years.” These risks include: ageing population, climate change, polarization of societies, rise of chronic diseases, rise of cyber dependency, rising geographic mobility, wealth disparity, shifts in power, and urbanization (World Economic Forum, 2016). This paper focuses on two primary sectors of the Indian economy: agriculture and water. In addition, discussions around the positive and negative aspects of global economic risks from natural disasters and the ways in which these risks have been accepted, avoided, mitigated or transferred in India. In conclusion, the paper presents a forecasting model on what to expect in these sectors over the next decade.

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