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Rethinking America: What food delivery apps teach us about tariff wars

Business Standard

The Indian economy is in a shambles. From a high growth/domestic consumption story, the economy is now plagued by severe macro imbalances and rising tail risks. From an economy that was least dependent on foreign capital historically, it is now dependent on capital flows for day-to-day account balancing.From where we stand, we see only government spending as the way out of a crisis like this. The unfortunate reality, though, is that India hasn't any bullets left. The government has fiscal obligations that it cannot abscond on, not if it wants to maintain the country's credit ratings. And it doesn't look like exports can be the economic saviour for India that it has been for Southeast Asia, not even with the falling rupee.What, then, are India's options? It cannot depend on falling oil prices, easy Fed policy or yet another global miracle, as it has done over the years, because these are economic imponderables. And while there is no shortage of pundits with big ideas for India, the simp

Amit Bhartia

Amit Bhartia

Amit Bhartia

Rethinking America: What food delivery apps teach us about tariff wars

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