Dr Doom, who predicted global financial crisis, has a forecast for India
Economist Nouriel Roubini, known as “Dr Doom” for predicting the 2008 Global Financial Crisis, sees India emerging as a major growth story over the coming decades. He believes easing US tariffs, deeper trade ties, friendshoring and continued reforms could strengthen India's economic prospects. However, India must accelerate growth towards 9% to create enough jobs for its young workforce as…
Economist Nouriel Roubini, known as "Dr Doom," once predicted the 2008 global financial crisis. Now, he has some optimistic forecasts for India. In an interview, he described India as a "major success story with the potential to become an even bigger one" and said the next few decades could be as significant for India as they have been for China.
Roubini believes US tariffs may decrease due to inflation and affordability concerns, making a trade deal with India more likely. India's expanding consumer economy, digital infrastructure, energy sector, and manufacturing industry present opportunities for American businesses. With an estimated annual growth rate of 7%, India needs to accelerate its growth to create jobs, especially as AI is reshaping employment across various sectors.
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.
