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.
The Iran War is an opportunity for India to repatriate talent, attract capital inflows and boost domestic investments as investors look for a stable, growth-oriented economy.
Aluminum prices, already rising before the conflict, have gained further as traders and buyers focus on the potential for tighter markets and shrinking global inventories.
It’s easy to understand why the government can’t speak the hard truth. When this war ends, as all wars do, India’s interests will lie with both the winner and the loser.
Tamilians fear Hindi, India fears free market and globalisation.