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GLOBAL ECONOMIC TRENDS IMPACTING INDIA

August 21, 2024
Economy
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Global economic slowdown

Global economic activity is experiencing a broad-based and sharper-than-expected slowdown.

Supply Chain Disruptions: Events such as the COVID-19 pandemic and geopolitical tensions have highlighted vulnerabilities in global supply chains. India, as a major player in manufacturing and services, is impacted by these disruptions, which can affect its export and import patterns.

Digital Transformation: Global trends in technology, such as advancements in AI, blockchain, and digital finance, are reshaping industries worldwide. India’s tech sector, which is a significant part of its economy, is both influenced by and contributing to these global trends.

Trade Agreements: Changes in international trade agreements, such as shifts in tariffs or the renegotiation of trade deals, can influence India’s trade relations and economic performance.

Digital Finance: Encompasses a broad spectrum of innovations, transformations, and shifts occurring within the financial sector due to technological advancements, evolving consumer behaviour’s, regulatory changes, and global economic trends.

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