As geopolitical tensions prompt serious calls for 'de-globalisation' and reduced import dependence, a more measured path may lie in regional globalisation.
3 decades ago, half the people in India had incomes greater than $2.15 a day. Today 7 out of 8 do. Unemployment, though, remains a problem with no easy answer to providing well-paying jobs.
Economic consequences of multiple, random elements of disorder have been disorienting. The cycle of events could even end the Chinese super-growth story, which could benefit India.
As more countries step away from globalisation, prices will get steeper. A world less economically connected is one in which disruptions and conflict are more possible.
The oil-based fragrances derived from flowers & herbs slipped in preference as Western perfumes flooded markets. In their contemporary form, attars are more than old wine in new bottle.
The pandemic has caused destruction of India’s economy, health system, and widened gender gap. Globalisation has weakened our ability to deal with crises.
In 2022, athletes claimed they were asked to wind up training early at Thyagraj Stadium so that the IAS couple could walk their dog. Then came the memes and public outrage.
Instead of buying more Mirages outright in early 2000s, the requirement was tweaked in favour of a medium-weight, multi-role fighter with Mirage-like performance.
Pakistan not only has zero chance of catching up with India in most areas, but will inevitably see the gap rising. Its leaders will offer its people the same snake oil in different bottles.
Tamilians fear Hindi, India fears free market and globalisation.