Sanjeev Ahluwalia | The Economic Resilience of India: Taking Stock…

Economic shocks from war, climate or inept leadership are the norm and not an aberration. Some economies sail through depressing times. Others flounder. The Nordic economies, the United States, Britain, Germany, Japan, Canada, South Korea, Singapore and Switzerland all come to mind as being particularly resilient amongst the rich economies. China is on the cusp of joining this group formally in terms of per capita income, but in real-world metrics — economic heft, defence capabilities and range of engagement in global affairs — it already sits at the high table. However, hell-for-leather investments have provoked a property crash, repressed domestic…