AI Snips
Chapters
Transcript
Episode notes
India's Economy Stable, Not Booming
- India's economy in early 2024 was stable but not booming, showing resilience amid global uncertainty.
- Consumption softened, investments slowed, but services held up and inflation eased to 3.3%, the lowest in 6 years.
Low Export Reliance as Protection
- India's export reliance is low, with US exports at just 2.1% of GDP, offering some protection amid rising global trade tensions.
- However, India's trade deficit remains large due to high imports, including gold and electronics.
E-rickshaw Boom With Risks
- India's e-rickshaw industry leads the EV market but suffers from underregulation and safety risks.
- Most e-rickshaws run on cheap lead-acid batteries causing pollution, and many operate illegally without registration or insurance.