New Delhi, Jan. 27 -- Geopolitical recession and potential trade wars will reflect on the economic progress of India in the near term. A geopolitical recession is not just the result of market or economic issues but refers to an economic downturn that is largely driven or influenced by political factors, typically related to international relations, military trade wars or sanctions, conflicts, and the global political landscape in the wake of geopolitical tensions. In essence, a geopolitical recession happens when the global economy is impacted by these international political and diplomatic challenges, leading to decreased economic activity, reduced trade, and often a contraction in global or regional GDP.

Ongoing conflicts affecting ec...