High growth, low inflation cushion

Positive domestic factors should help India manage a bearish external environment

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The world has seen so much economic chaos of late that crises have become the norm rather than the exception. The most recent, involving Israel, Iran and the US, seems to have subsided, for now. Even if one were to assume that things will not escalate in this theatre — which would disrupt India's trade and energy supplies — another conflagration could well be on its way. US President Donald Trump's pause on reciprocal tariffs ends on July 8 and only he knows what will follow. Then there are smaller, but far from insignificant, problems such as China holding back rare earth supplies from large parts of the world, including India. In short, the global ec