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Economic Diplomacy

TARIFFS AND THE US ECONOMY: IMPACT ON INDIA AND WAY FORWARD

The US's "Trumponomics" strategy, which includes tariffs, has significantly impacted the global economy, triggering trade wars and disrupting supply chains. India faces both challenges like potential export losses and currency devaluation, and opportunities to reposition itself in the global market. A strategic response focusing on diversification and competitiveness is crucial.

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INDIA-EURASIAN ECONOMIC UNION (EAEU) FREE TRADE AGREEMENT (FTA)

India is negotiating a Free Trade Agreement (FTA) with the Eurasian Economic Union (EAEU) to unlock new markets, boost exports, support MSMEs, and diversify trade partnerships. Facing challenges like US sanctions pressure, India aims to expand market access, diversify trade partnerships, and improve global economic position.

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HENLEY PASSPORT INDEX 2025: EXPLAINED

India's Henley Passport Index (HPI) has improved from 85th to 77th rank in 2025, indicating strong diplomacy, economic opportunities, and soft power. Factors influencing passport strength include diplomatic relations, economic stability, security measures, and reciprocal agreements. To improve, India should focus on bilateral diplomacy, tourism, investment, digitalization, and maintaining economic growth.

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