Navigation
Navigation
Asia, Economics, Ruchir Sharma

Why India is Now Detached from the World

Ruchir Sharma – 10.4.17

For decades India’s economic fortunes ebbed and flowed with other emerging nations, but in recent months it seems to have become unmoored. The global economy is enjoying its best year of the decade, with a worldwide pick up in GDP and jobs growth, and very few economies have been left behind. India is one of the outliers, with GDP growth slowing and unemployment rising.

The Organization of Economic Cooperation and Development says that all 45 economies that it tracks will grow this year, the first time this has happened since 2007, the year before the global financial crisis led to a worldwide recession. Moreover, three quarters of all the countries will grow faster this year than they did last year; India is in the slumping minority, with GDP growth now expected to decelerate this year.

Continue Reading
Loading ...