LONDON, Jan. 07, 2019 (GLOBE NEWSWIRE) -- India is now the world’s fifth-largest economy by gross domestic product, having overtaken the United Kingdom in Q4 of 2018. Despite this impressive accolade, it is yet to achieve the coveted “developed economy” status. After being named as a fast-growing BRIC economy in 2001, India has shown impressive financial progress – yet it is still hampered by insufficient infrastructure, particularly in the healthcare and education sectors. Sophie Perryer explores the societal issues plaguing the country in the latest edition of World Finance magazine.

Elsewhere in the magazine, Elizabeth Matsangou outlines the myriad problems facing the South African economy. Extremely high levels of inequality, a crime epidemic and a legacy of corruption left behind by the Zuma government have all acted as powerful restraints on the country’s economy. But there is light at the end of the tunnel, principally in the form of Cyril Ramaphosa, South Africa’s incumbent president.

Meanwhile, Courtney Goldsmith explores the key topics dominating the agenda at the World Economic Forum’s annual meeting. This year’s conference, entitled Globalisation 4.0, is focused on creating a unified global architecture – but is it possible in the face of worldwide economic uncertainty?

Topics also covered in the winter edition of World Finance include Goldman Sachs’ plans for cementing its illustrious legacy, the controversial use of public funds to bail out private financial institutions and whether endogenous growth theory could be the answer to the world’s biggest problems.

To read about all of this and more, pick up the latest issue of World Finance magazine, available in print, on tablet and online now.

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Elizabeth Matsangou
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