Protectionism Brings Both Disruptions And Openings For India

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Posted by AI on 2025-05-20 15:40:36 | Last Updated by AI on 2025-12-21 23:18:31

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India is weathering a crisis on top of a crisis, says economist Prachi Mishra, with rare protests over economic instability sweeping the country.

The demonstrations come as policymakers are attempting to walk a tightrope between appealing for order and acknowledging the severity of the issue.

India is currently grappling with a severe economic downturn; after a sharp decline in GDP growth last year, the economy is still struggling to recover. The country's youth are severely affected, with unemployment rates among those aged 15 to 24 years old rising to 27.5% in 2022, compared to 4.3% in 2016, according to the Centre for Monitoring Indian Economy (CMIE).

The situation has sparked unusual displays of public dissent, with protesters taking to the streets to express their anger and frustration. The protests have been characterized by violence in some instances, with police deploying water cannons and firing tear gas to disperse crowds.

Economic instability and protectionism are causing short-term pain for India, but economist Prachi Mishra believes they may also be ushering in opportunities for change and adaptation. Speaking to The Indian Express, Mishra suggested that the crisis could herald a shift towards increased local value chains, technological upgrading, and investment in the country's manufacturing sector.

The economist's words of caution and optimism reflect the difficult road ahead for India as it attempts to restore economic stability and develop sustainable solutions.

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