Why It Matters
This article provides a comprehensive overview of the contemporary macroeconomic challenges and opportunities shaping the global order. It is highly relevant for GS3 (Indian Economy, Energy Security, and Science & Technology), as it links geopolitical chokepoints (Strait of Hormuz) to domestic inflation, central bank policies, and global supply chains. Furthermore, it touches upon the economic impact of emerging technologies (AI), making it useful for both Mains essay arguments and GS3 answers regarding India's growth trajectory ('Viksit Bharat') amidst global fragmentation.