Mayhem Out There, So Manage

Raghuram Rajan
Mar 25, 2026 | 21:00 IST

War, US & China acting like predatory hegemons, dependence on key inputs…India has options to navigate this global disorder. But, work on developing them must begin now



This is a dangerous time in the world economy. Hopefully, mounting costs of the Iran conflict will bring it to an end soon. However, the short-sighted, self-interested behaviour of two economic superpowers is likely to continue; to extract short-term bargaining advantage, US is dismantling a world order that worked really well for it, and for many others.
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