Keeping India's growth story intact: 5 lessons from Middle East conflict that should not be ignored

Key points

• India should recast its growth strategy to cope with unanticipated economic shocks and cover India’s strategic vulnerabilities.
• (AI image) But first let’s understand what India’s projected growth story is India’s long-term growth story: Overtaking US, China At present, India is the third largest economy in PPP terms.
• OECD projects that India is likely to overtake the US by 2045 and China by 2063. How to keep India’s long-term growth story intact But, to keep its long-term growth story intact, India will have to re-strategize and focus on some key factors that have come to light amid the Middle East conflict, suggests the EY report.
• Energy security topmost priority However, the biggest takeaway from the report is that India’s response to the ongoing crisis should be focused on its energy security, since that is seen as the biggest channel of impact from a global vulnerability perspective, and one that feeds quickly...