Now Reading: Shaktikanta Das says global economy shifting East, Global South must adapt
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Shaktikanta Das says global economy shifting East, Global South must adapt
Shaktikanta Das says global economy shifting East, Global South must adapt
Principal Secretary-2 Shaktikanta Das said the global economy is shifting eastward, creating opportunities and risks for Global South economies. He was speaking at a RIS session on Tuesday.
Principal Secretary-2 Shaktikanta Das said the global economy is shifting eastward, creating opportunities and risks for Global South economies. He was speaking at a RIS session on Tuesday.
Das identified five priority areas: food security, trade diversification, energy transition, macroeconomic stability and job creation. He warned that the West Asia conflict has raised energy prices and inflation risks, and that rising protectionism is limiting access to markets and technology for low- and middle-income countries.
Citing World Bank estimates, Das said fiscal deficits in emerging economies are expected to widen in 2026, especially among energy importers. He called for fiscal and structural reforms, and noted that 1.2 billion young people in these economies will reach working age over the next decade, requiring higher investment for job creation.
Corrected 30 September 2026: source count and analysis.
Indian Opinion Analysis
Both reports carry the same PTI account of Das’s address to the RIS session, so they agree on every figure and differ only in arrangement: Mint quotes him at length and sorts the speech into five challenges, while The Economic Times sets it under a synopsis that stresses the risks. Neither outlet adds a view of its own. Most of the address, though, dealt with pressure on developing economies. Das tied the West Asia energy shock to strain on budgets and foreign exchange reserves in energy-importing countries, and called for fiscal and structural reforms to balance that against shielding consumers. The figure to watch is the World Bank estimate he cited: deficits in emerging market and developing economies widening in 2026, particularly among energy importers, before easing only modestly.
Coverage: 2 sources, 2 neutral
Sources (2): economictimes.indiatimes.com (neutral report), livemint.com (neutral report)
This brief was synthesised by AI from the 2 sources linked above, so one read covers every framing they carry. Methodology and corrections.
