Publication

This brief argues that developments in the Indian economy of the last decades have made the Indian economy more exposed the global financial and trade markets. Changes such as shifts in production across many sectors toward refined and high quality products, manufactured goods and services, combined with the rise in the number and quality of investment linkages to corporations outside India, have tightened the relationship between India's internal economic climate and global economic trends. The author argues that the impact of a slowdown in developed markets would also be felt significantly in India.