India and the new world disorder

The escalating United States-China rivalry — driven by trade tensions, tech competition, and shifting alliances — is reshaping the global order. The Cold War’s focus on strategic geography has given way to a world led by economic agility and innovation. At this crossroads, India is leveraging its market size and reforms to grow its global clout, while Pakistan faces economic challenges as it seeks relevance in an era defined by trade, technology, and resilience.

Globalisation — the invisible driver of three decades of low inflation — is unravelling as a populist Trump pursues a neo-isolationist path. Cheap labour, efficient supply chains, and aggressive outsourcing kept prices low and profits high.

Paul Krugman believes that the recent US tariff policies signal a potential end to globalisation. Even if Trump makes a big retreat on tariffs, he has done irreparable damage to globalisation and international confidence in the United States.

Deglobalisation is inherently inflati...
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