Global challenges require constant vigilance

The biggest risk to India's economy and social stability comes from 'grey rhino' disasters that are highly probable but often ignored

India is witnessing robust gross domestic product growth at a rate of 6-7 per cent. We are likely to continue growing at this rate for the next few years, making us the world’s fastest-growing major economy. However, the Indian economy is constantly disrupted by major global crises. In the recent past, these crises have included the 2001 terrorist attacks and the invasion of Afghanistan, the 2009 global financial crisis, and the Covid pandemic. The term “grey rhino” is used to describe such probable, high-impact events that are often ignored until they evolve into immediate crises. Looking ahead, we can already