India's Economic Engine Stutters Amid Intensifying Global Tariff Wars

India's economic ascent is facing a critical test. After registering an impressive 8.2% GDP growth in the fiscal year 2023–24, the Reserve Bank of India (RBI) has revised its projection for 2024–25 downward to 6.6%, a marked drop from the earlier estimate of 7.2%. Manufacturing growth has slowed to 2.2% in the third quarter of 2024, down sharply from 7% a year prior, while private investment has shown signs of stagnation. Though India continues to outperform most major economies, its recent loss of momentum, exacerbated by internal weaknesses and an increasingly volatile global trade environment, signals a decisive moment for its $4 trillion economy. India's Position in the Global Economic Landscape To understand India's trajectory, it is helpful to compare it with four other leading economies: Vietnam, the United States, China, and Ireland. Each exhibits distinct growth dynamics. With a projected GDP growth of 6.8% in 2025, Vietnam has emerged as a formidable competitor...