Saurabh Mukherjea suggests that China’s manufacturing advantage, stemming from artificially lowered costs, poses a challenge to democracies. He anticipates China will attempt to flood global markets, including India, necessitating currency depreciation as a countermeasure. Mukherjea believes that India, along with other nations, will negotiate favorable trade deals with America, potentially benefiting the Indian economy.
Dollar wobbles as markets cling to hopes for Middle East peace deal
Investor optimism for a deal to reopen the Strait of Hormuz is boosting markets. Hopes of peace have lowered oil prices and eased pressure on