India stands at a crossroads as the global landscape shifts dramatically. With Donald Trump’s new tariffs shaking up international trade, Prime Minister Narendra Modi faces mounting pressure to rethink India’s economic strategies. The world is growing tougher—protectionist policies are on the rise, and international cooperation is faltering. India must decide whether to double down on self-reliance or open up further to global competition.
India’s Reform Dilemma
Modi’s government has already made significant reforms, but the pace may need to accelerate. New trade barriers threaten India’s export-driven industries, making domestic reforms crucial for economic resilience. Key areas like labor laws, land acquisition, and digital infrastructure demand urgent attention. As global supply chains realign, India has an opportunity to attract investment—if it can act swiftly and decisively.
Opportunities Amid Uncertainty
While challenges abound, a harsher world could serve as a catalyst for deeper reforms. By modernizing its economy, India can better withstand global shocks and emerge stronger. The coming years will test Modi’s leadership and India’s readiness to adapt.
Sources:
The Economist – Will a harsher world accelerate India’s reforms?
