PRAGOTI

The United States is going through tumultuous times, which many describe as a signal of double-dip depression, reminiscent of what the US witnessed during the second recession of 1931-1933 which resulted in the Great Depression. Is the US going to repeat similar policy mistakes that it had committed then? We believe that if the conservative ideology prevails, it is quite possible to witness a similar situation. Since the US economy is one of the leading economies of the world, this could have severe fallout on the rest of the world, including India.