India is celebrating an 8.2 percent GDP boom, yet the headlines do not match the reality inside the country’s export markets. The contrast between national growth and collapsing export sectors has created a puzzle. This puzzle is now shaping a wider debate about the India export crisis and its long-term consequences. The tension grows because the numbers do not move in the same direction anymore. The domestic economy looks strong. The export engine looks fragile. The gap is large and it is widening faster than most economists expected. A Tale of Two Economies India’s services and domestic demand are powering … Continue reading The GDP Mirage: Why India’s 8.2% Growth Hides a Deep Export Crisis