Five questions for 2023

These questions will shape the world economy in the new year, and matter to India

Many of us tend to retain our old mental models and think of India as an autarky. Connections into the world, however, are remarkably important for India. As with the pandemic period, developments in the world economy are likely to have an important impact on the Indian economy. In this article, we look at five big questions which will shape the world

economy, and thus impinge upon India in 2023.
 

There are many impediments to globalisation in India. From 2014-15 to 2021-22, flows into the current account grew by 5.3 per cent per year on average, measured in nominal US dollars,