Trade and tariffs

Global trade is being reshaped by geopolitics. Middle East tensions are disrupting energy and shipping, affecting nearly 20% of oil flows and up to USD5B in cargo daily. Amid the uncertainty, India is stepping up trade ties with the US, UK and EU.

Volatility is set to stay, making structural resilience more critical than short‑term fixes. Organisations that build strong governance, embed compliance, and adopt proactive risk and investigation frameworks are better positioned to manage uncertainty, protect trust, and create durable long‑term value.

Global trade is being reshaped by geopolitics. Middle East tensions are disrupting energy and shipping, affecting nearly 20% of oil flows and up to USD5B in cargo daily. Amid the uncertainty, India is stepping up trade ties with the US, UK and EU.

Volatility is set to stay, making structural resilience more critical than short‑term fixes. Organisations that build strong governance, embed compliance, and adopt proactive risk and investigation frameworks are better positioned to manage uncertainty, protect trust, and create durable long‑term value.

India’s global journey is entering a new phase, where scale alone will not define success. With exports nearing USD800 billion and over 1,700 GCCs driving core business decisions, India is becoming more deeply integrated into global value chains.

As companies expand globally, the focus is shifting towards innovation, agility and higher standards of execution and compliance. Supply chains are becoming more strategic, and partnerships are emerging as key enablers of faster, more effective market entry.

The next generation of Indian multinationals will be built on strong execution, innovation-led differentiation and the ability to collaborate across markets. This is where India has the opportunity to move from being part of global value chains to shaping them.

India's exports nearing $800 billion grow 6% amid turbulence, with Asia central to leadership strategy; GCCs evolve from processing to strategic integration in overseas decision-making. Scale alone insufficient, robust supply chains, innovation partnerships, and sustainable long-term relationships drive effective global growth.

India is stepping up as a stabilising force in a fragmented global environment, supported by strong macro fundamentals and projected 7% growth. Its strategic reforms, purposeful global engagement, and sectoral bets like semiconductors are widening economic and geopolitical room to manoeuvre. India isn't just responding to volatility - It's shaping the next phase of global growth.

We are operating in a global landscape defined by persistent uncertainty - geopolitical realignments, climate pressures, technological disruption and shifting capital flows. Within this environment, nations that can adapt, execute, and inspire confidence will shape the future. India is actively re-shaping its opportunities within this uncertainty - not reacting to it but leveraging it. By expanding market access, deepening regional and minilateral partnerships, and building agile trade frameworks, India is scaling manufacturing, accelerating frontier technologies and strengthening global supply-chain integration.

The RBI’s measures give exporters timely breathing space at a moment when cash cycles are tightening due to tariffs and delayed realisations. Extending repayment timelines and easing credit terms will directly help companies manage working capital without disrupting production plans. It’s a practical intervention that stabilises sentiment in the near term, and the next thing industry is now watching closely is the tariff rationalisation announcement — because that will ultimately decide cost competitiveness and planning the future.

India’s edge in the semiconductor race goes beyond incentives. The government is steadily building an ecosystem by investing in skilling, enabling infrastructure, and ensuring policy stability. Competitiveness will rest on ecosystem depth and the ability to deliver with speed and consistency. Early wins in packaging and design give confidence we are moving in the right direction.

India’s edge in the semiconductor race goes beyond incentives. The government is steadily building an ecosystem by investing in skilling, enabling infrastructure, and ensuring policy stability. Competitiveness will rest on ecosystem depth and the ability to deliver with speed and consistency. Early wins in packaging and design give confidence we are moving in the right direction.