Pointing to changes in global financial markets, economic affairs secretary Anuradha Thakur said bond markets were assuming a larger share of financing, with government papers alone accounting for more than 80% of global gross domestic product.
Economic Affairs Secretary Anuradha Thakur said trade shaped by security and geopolitical considerations could deepen global imbalances, raise capital costs and create friction.
India's growth prospects remain strong despite external shocks affecting the economy. Erik Berglof highlights the need for resilience against climate and geopolitical risks.