India's economy will regain its footing

The emerging-market sell-off has engulfed India, but the big picture remains encouraging, and India should ride out this squall.

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Indian PM Modi has a nose for growth
(Image credit: 2018 Suhaimi Abdullah)

The emerging-market sell-off has engulfed India. The rupee has fallen by about 14% against the dollar this year, and further declines may lie ahead. When liquidity leaves emerging markets, countries with external deficits come under pressure, as these gaps need filling with foreign capital.

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Marina Gerner is an award-winning journalist and columnist who has written for the Financial Times, the Times Literary Supplement, the Economist, The Guardian and Standpoint magazine in the UK; the New York Observer in the US; and die Bild and Frankfurter Rundschau in Germany.

Marina is also an adjunct professor at the NYU Stern School of Business at their London campus, and has a PhD from the London School of Economics.

Her first book, The Vagina Business, deals with the potential of “femtech” to transform women’s lives, and will be published by Icon Books in September 2024.

Marina is trilingual and lives in London.