Why India’s Rupee Is Plunging to Record Lows

The Economist made an interesting observation this week. It says that apart from the pandemic slump in 2020, the world hasn’t really had a “normal” recession since the 2008 financial crisis. And even after COVID, the global economy has been growing at roughly 3% a year since 2022. Unemployment is low. Company profits are solid. So it almost feels like we’re living through a “recession recession” or a world where recessions have gone missing.

When it comes to the Indian economy, the story right now feels like a mix of sunshine and clouds. On one side, we’ve got good news, like a healthy monsoon, lower inflation, and even an international thumbs-up in the form of a rating upgrade (“BBB-” to “BBB”, S&P Global Ratings). On the other hand, there are some nagging worries, from sluggish industries at home to uncertain trade policies abroad, especially with the US. The Reserve Bank of India’s latest bulletin (August 2025

What happens when two powerful nations in the Middle East move from proxy war to direct conflict? This post explores the potential global economic fallout if the Iran–Israel escalation continues, drawing lessons from past oil crises, regional wars, and market shocks. From rising oil prices to shaken investor confidence across the Gulf, we look at how history could repeat itself and what it means for the world economy today.