India appears stable on the surface—record-high markets, busy malls, rising asset prices. But beneath this calm lies a convergence of risks that could redefine the country’s growth story.
In this audio, Debashis Basu breaks down five powerful forces shaping India’s economic future: rising government debt, slowing revenues, falling household savings, geopolitical pressure, and the return of domestic populism. Individually, India has dealt with each before. Together, they sharply reduce the margin for error.
This is not a story of crisis—yet. It is a warning about complacency, structural constraints, and why headline numbers can mislead investors, policymakers, and households alike.
Watch to understand what the data isn’t screaming yet—but soon might.
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