INDIA AT A NEW GLOBAL TRADE INFLECTION POINT

The global tradingsystem is undergoing a profound transformation.

- AJAY SAHAI

The earlier assumptions of seamless globalization, stable supply chains and predictable geopolitical alignments are rapidly fading. In its place, a new world is emerging—one shaped by strategic rivalries, regional trading blocs, technological competition and reliable supply chains.

For India, a fast-growing major economy aiming to become a global manufacturing and export hub, this shifting landscape presents both formidable challenges and significant opportunities. The manner in which we respond to these changes will determine whether we simply adapt to external shifts or actively position ourselves to lead in the new global order.

At the heart of this lies the deepening strategic rivalry between the US and China. As the two largest economies compete for technological and geopolitical dominance, global supply chains are being reconfigured.

Companies worldwide are increasingly adopting “China+1” strategies to diversify risks, and this opens an opportunity for India to position itself as a credible, large-scale manufacturing alternative.