India must build enduring national capabilities to navigate trade disruptions, geopolitical upheaval: Econ

India is facing an increasingly complex global environment characterized by trade disruptions and geopolitical challenges. Experts emphasize the urgent need for the country to strengthen its national capabilities to maintain economic sovereignty. As the world shifts away from rule-based trade, India's ability to adapt and innovate will be critical in ensuring sustainable growth and stability. Key to this strategy is the development of resilient supply chains and the enhancement of domestic industries. By investing in technology and infrastructure, India can reduce its dependency on volatile international markets. This approach not only fortifies the nation's economic standing but also positions it as a significant player in the global arena, capable of withstanding external pressures. Furthermore, fostering strategic partnerships and alliances will be essential for India to navigate the evolving geopolitical landscape. By engaging in constructive dialogues and collaborations, India can bolster its influence and safeguard its interests. As global dynamics continue to shift, India's proactive measures in building enduring capabilities will be pivotal in securing its future prosperity.

— Authored by Next24 Live