If the world moves beyond the dollar, India stands to gain — but at what cost?

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  • TK Arun
  • ET Bureau Apr 15, 2026, 13:49 IST IST

The war in West Asia will accelerate US decline and the rise of China. It will force Europe to kick the habit of holding on to Uncle Sam’s coat-tails, and make it grow up fast. It will speed up the ongoing shift of nations towards energy security (read: freedom from imported fossil fuels and embrace of electricity for mobility, cooking and heating). Trump’s fond baby will be left holding its drill, as the world switches decisively to renewable, geothermal and nuclear energy.

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