Markets will push the US to act constructively: Nouriel Roubini
Nouriel Roubini highlighted the significance of India's emerging economy during a recent event in Dubai. As the US seeks a constructive trade relationship with India, economic pressure is expected to guide policymaking. India is seen as vital due to its large domestic market and skilled workforce. The country needs to achieve near 9% growth to address job creation challenges amid AI advancements.
Dubai: Economist Nouriel Roubini predicts US policymakers will adopt a more cooperative attitude towards India due to economic and market pressures. India, a rapidly growing economy and a key ally of the US, is crucial to maintaining good relations, Roubini emphasized during the SuperReturn Middle East event. He urged the US to see India as a friend and an ally, stressing the importance of trade for both nations.
Indian economic growth, projected to reach nearly 9%, could generate enough jobs to address concerns over AI disrupting labor markets. Given changing geopolitical dynamics, manufacturers may increasingly shift operations to India, reducing dependence on riskier markets like China.
Written by urgent.news from The Economic Times - Economy's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
