Navigating the Great Global Reset
Business Today India|February 18, 2024
India has a relatively narrow three-decade window to get rich before it gets old. It must surmount significant challenges to march ahead
- NEELKANTH MISHRA
Navigating the Great Global Reset

OVER THE PAST four centuries, there has been a major reset in global power relations every 75 to 100 years. Now, 80 years after World War II, another major reset is due, given the shift in the world's economic centre of gravity.

The signs are clear: post-WWII institutions like the UN and the World Trade Organization are diminishing. Different forums are now used for seeking common ground, like the G20, BRICS+, APEC, etc. Bilateral trade pacts are emerging, as are new multi-lateral arrangements. If two hot wars, reigniting old territorial disputes (like between Venezuela and Guyana), were not signals enough, there are now drone attacks on ships within 200 nautical miles of the Indian coast, a US-led front is now actively bombing Houthi territories in Yemen, and the number of parties involved in the conflict continues to rise.

This ongoing global reset in power balances poses several challenges for India on four major external dependencies: demand, capital, technology, and energy. Healthy external demand means stronger exports of goods and services. Capital inflows help firms and the economy scale faster. Technology transfers, either through inbound foreign direct investment (FDI) or trade, accelerate productivity improvement. Lastly, GDP growth is difficult without higher consumption of energy. Rising geopolitical uncertainty imperils all of these.

First, external demand. Having pulled forward growth through fiscal and monetary measures, the US and Europe may slowdown. China is hitting the limits of its growth model, Japan has stagnated, and Latin American GDP (in USD terms) is still where it was nearly a decade back. The policy coordination seen after 2008 is very unlikely now; trade wars and growing distrust are additional headwinds.

この蚘事は Business Today India の February 18, 2024 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

この蚘事は Business Today India の February 18, 2024 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

BUSINESS TODAY INDIAのその他の蚘事すべお衚瀺
"Moving to cloud helped us grow❞
Business Today India

"Moving to cloud helped us grow❞

What was the problem you were grappling with?

time-read
1 min  |
November 24, 2024
She's Got Time
Business Today India

She's Got Time

MORE WOMEN ARE BECOMING WATCH CONNOISSEURS, SEEKING OUT BOTH JEWELLED AND TECHNICAL WATCHES FOR THEIR STYLE AND CRAFTSMANSHIP

time-read
3 分  |
November 24, 2024
RISING STAR
Business Today India

RISING STAR

PARUL GULATI IS a name that's been steadily gaining prominence in the Indian entertainment industry after she appeared on season 2 of Shark Tank in 2023. She has become a multifaceted personality who effortlessly transitions between acting and entrepreneurship.

time-read
1 min  |
November 24, 2024
Building on a Legacy
Business Today India

Building on a Legacy

WHEN ZAHABIYA KHORAKIWALA stepped into her role as Managing Director of Wockhardt Hospitals over a decade ago, she confronted formidable challenges that have since turned into achievements.

time-read
1 min  |
November 24, 2024
LEADER IN INNOVATION
Business Today India

LEADER IN INNOVATION

AS FEDEX'S PRESIDENT (Middle East, Indian subcontinent and Africa), Kami Viswanathan has a lot on her plate.

time-read
1 min  |
November 24, 2024
WAITING IN THE WINGS
Business Today India

WAITING IN THE WINGS

Here are those who missed out as they have not yet completed a year in office; they'll be strong contenders in 2025

time-read
1 min  |
November 24, 2024
A DECENT PROPOSAL
Business Today India

A DECENT PROPOSAL

IN TODAY'S WORLD OF TRYING TO CREATE AN EQUITABLE SPACE, BOTH MEN AND WOMEN CONTRIBUTE TO THEIR HOUSEHOLDS. WOMEN ARE ENCOURAGED TO HAVE THEIR OWN SAVINGS POOL AND INVESTMENT ROUTINE. GIVEN THIS, HOW SHOULD FUTURE BRIDES APPROACH FINANCIAL PLANNING?

time-read
5 分  |
November 24, 2024
Women and the STEM Bias
Business Today India

Women and the STEM Bias

EMPOWERING WOMEN IN STEM WILL NOT ONLY BENEFIT INDIVIDUALS, BUT ALSO STRENGTHEN THE ENTIRE INDUSTRY, DRIVING INNOVATION AND PROGRESS.

time-read
3 分  |
November 24, 2024
ROCKET WOMEN
Business Today India

ROCKET WOMEN

WOMEN IN INDIA ARE NOT ONLY VENTURING INTO SPACE BUT ARE ALSO STARTING TO SPEARHEAD THE COUNTRY'S EFFORTS IN THE GLOBAL SPACE RACE.

time-read
6 分  |
November 24, 2024
ONE STEP FORWARD
Business Today India

ONE STEP FORWARD

THE NUMBER OF WOMEN INDEPENDENT DIRECTORS IS GROWING STEADILY, BUT IT'S A LONG WAY FROM GENDER PARITY. MUCH MORE NEEDS TO BE DONE TO BREAK THE GLASS CEILING IN BOARDROOMS.

time-read
6 分  |
November 24, 2024