Everything is Everything Ep 114: What Should India Do?
Aug 29, 2025
The conversation dives into India's strategic response to a chaotic global order, examining the impact of U.S. tariffs and the complex India-U.S. trade relationship. Exploring historical economic growth from 1991 to 2011, the hosts advocate for globalization and foreign investment. They highlight the necessity for India to reform its economic policies, focusing on improved trade agreements and communication in policy-making. The discussion emphasizes the need for proactive engagement and innovation to thrive despite external pressures.
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Global Openness Drove India's Miracle
- Global technology, foreign capital and knowledge flows powered India's 1991–2011 growth miracle.
- Openness, not sovereignty over technologies, was the decisive advantage for India.
Indulgence Toward India Has Ended
- India benefited from global indulgence despite domestic economic-nationalist policies.
- That indulgence is now gone, so India must stop misbehaving or face harsher consequences.
Location Limits India's Goods Trade With US
- Geography and the gravity model make the US a poor natural goods market for India but great for services.
- The Red Sea and freedom-of-navigation shifts further complicate India–US trade ties.
