Global recession may impact Indian economy: Nouriel Roubini

According to economist Nouriel Roubini, India may not be able to completely avoid the impact of global recession as external trade accounts for half of the country’s GDP. Roubini sees a recession in the United States (US) and globally occurring at the end of 2022 that could last all of 2023. However, lower commodity prices would help the economy offset the recessionary headwinds to an extent, he added.