Event Details
In an ever-evolving global landscape, India finds itself at the crossroads of economic transformation and geopolitical recalibration. As the world shifts towards multipolarity and global supply chains are re-oriented, India's role becomes increasingly pivotal given its diverse demographic profile, large domestic market and improving business environment.
Despite high interest rates, the short-term growth outlook for the global economy looks surprisingly resilient led by a strong US economy. Easing of disruptions to European energy supplies and moderate stimulus to the Chinese economy will support growth in those regions. Over the medium term, ongoing geopolitical tensions—the Israel-Hamas war, Russia's war in Ukraine and the US-China rivalry—will lead to more fragmentation and regionalisation in the world economy. The rising appeal of industrial policy measures will reconfigure supply chains.
India remains the brightest spot in the global economy, with a growth forecast of 7% in 2024-25. India will aim for a balance between maintaining its strategic ties with Russia and seeking closer co‑operation over time with fellow members of the Quad. The country will try to influence global policy by positioning itself as a leader of emerging economies, using its strong bilateral relations and increasing market size.
Join us for an engaging programme discussing these questions and more:
- How is the global macroeconomic landscape evolving in the context of geopolitical tensions, high interest rates and a shift towards multipolarity?
- What role will India play in the global economic and geopolitical landscape?
- What are the strengths and weaknesses of India's economy and its business environment?
- How can India benefit from the ongoing shift in global supply chains as businesses adopt a China+1 strategy?