India has shifted from trade defensiveness to a proactive Interim Trade Arrangement with the United States, capping tariffs at 18% to protect key exports like pharmaceuticals and aerospace. Amid WTO decline and protectionism, this reflects Strategic Autonomy 2.0, requiring faster reforms in contract enforcement and logistics upgrades.
Click to View MoreIndia is working to build big and world-class banks to support its growing economy and global competitiveness. Reforms like the Indradhanush Plan, Atmanirbhar Bharat recapitalization, EASE reforms, and FSIB governance improvements have strengthened public sector banks. Digital innovations like UPI and Public Tech Infrastructure, along with the IFSC at GIFT City, position India as a leader in financial technology and global banking. The focus going forward is on capital adequacy, governance, digitalization, risk management, sustainability, and global integration to create banks that are efficient, resilient, and internationally competitive.
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As global powers turn inward, India has a rare chance to make its cities global innovation hubs. This requires urgent urban reform, better governance, clean air, efficient transport, and top-tier education and healthcare to attract and retain talent, driving India’s economic transformation.
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