Spence: a ‘pretty big’ shock is possible (opens the source in a new tab)
- He says India has by far the highest potential growth of major economies, and the best digital finance.
- His worry: AI built on debt, high valuations and concentrated indices; a sentiment shift could tip the US into recession.
- Rising US rates lift the dollar, he adds, forcing other countries to raise rates defensively.
- $10,000+
- India per capita in 10 yrs
- 10–15 yrs
- China’s lead over India
Why it matters India’s growth story still rides on global calm.
Other side He rules out a catastrophic collapse; a shock is a risk, not a forecast.