India is playing a pivotal role in stabilizing the global economy, preventing it from slipping into recession, according to Morgan Stanley’s Ridham Desai. He believes that India will contribute 20–25% of global growth over the next 12 months, even as major economies like the US and China struggle with economic uncertainty.
🔴 Why India Is Leading Global Growth:
- India’s economy grew 7.4% in the January–March quarter, driven by strong construction and manufacturing sectors.
- India’s macroeconomic position remains resilient, with limited exposure to external shocks.
- Services exports continue to remain strong, even as global demand softens.
📢 Global Economic Challenges:
- US tariffs, China’s deflation, and rising geopolitical tensions pose risks to global stability.
- The International Monetary Fund (IMF) projects global growth at just 2.8%, marking the slowest expansion since the Covid-19 pandemic.
- India’s trade exposure to the US is only 2% of GDP, reducing the direct impact of American policies.
Despite these challenges, India’s corporate earnings have remained strong, and government spending has rebounded, further supporting domestic growth.
👉 What do you think of India’s role in global economic stability? Let us know in the comments!
🔴 Share this post to spread awareness about India’s economic strength! 📈🔥
