For years, India’s economy was projected as one of the world’s fastest-growing success stories. But long before the Iran-Israel-US war pushed oil prices higher, warning signs had already begun to appear - falling wages, weak demand, slowing exports, struggling MSMEs, and a weakening rupee.
So did the war trigger India’s economic stress? Or did it simply expose deeper problems that were already building beneath the surface?
In this episode of Let Me Explain, Pooja Prasanna breaks down why economists are worried about India’s economy, what the falling rupee and rising fuel prices really mean, and whether India’s growth story is becoming increasingly fragile.
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