Emerging Economies in a Protectionist World

As global trade tensions escalate and automation reshapes manufacturing, emerging economies are facing a critical juncture in their development. The model of export-driven manufacturing growth, which propelled nations like China into the middle-income category, is increasingly hindered by protectionist measures in developed nations. India, despite its growing prominence in services exports and economic progress, must address challenges such as human capital development, infrastructure gaps, and economic inclusivity to sustain growth in a protectionist environment.