Top economists convene to discuss the Indian economy amid rising global protectionism and trade pressures. Dr. Sajid Z. Chenoy of JPMorgan warns that emerging markets like India are set to face ‘three mutually reinforcing shocks’: the absence of globalization, a ‘China shock 2.0’ involving redirection of exports to Asia, and increased automation impacting job creation. The panel highlighted that India’s significant vulnerability lies not in goods but in service exports, which constitute a much larger share of the GDP. Other key points included the government’s recent policy shift towards stimulating consumption, the curious case of corporate India’s reluctance to invest despite deleveraged balance sheets, and a call from Dr. Sameeran Chakravarti of Citibank for India to formulate a ‘new growth narrative’ to attract global capital in a competitive environment.
#indianeconomy #gdp #tradewar #protectionism #reverseglobalization #economicoutlook #structuralreforms #sajidchenoy #sameeranchakravarti #tanviguptajain #viksitbharat2047 #servicesexports #investment #economicpolicy #india
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