Many of these risks are related to political developments: the trade tensions between the United States and China; the Brexit issue; the rise of populism globally; and the reduced support from the United States for the liberal order that has supported the international system and contributed to a broad-based rise in living standards.
The EMDEs like India continue to need big investment in the infrastructure sector with an underlying potential to earn real rate of return unlike in many other parts of the globe. Another feature that distinguishes India from the AEs is the dominance of the banking sector in the financial system.