Has the Indian economy caught the Dutch disease?7 min read 06 Jun 2018, 08:53 AM IST
India is much more fortified than in 2013, but that masks an underlying deterioration of external imbalances likely induced by the positive windfall shock from lower oil prices
Global sentiment has soured against emerging markets in recent weeks. With Europe’s growth hitting a pothole, the global economic recovery has suddenly become asynchronous, inducing a stronger dollar, tighter financial conditions, and a “sudden slowing" of capital flows to emerging markets. Meanwhile, oil prices, despite recent relief, are still 50% up over the last nine months.
Select your Category