TRUMP POWER & NEW CHALLENGES
The current Economic and Geopolitical landscape needs to be reevaluated. The US president's prioritization of America through their America First Policy suggests a shift in their willingness to provide aid without receiving financial and political gains. The use of tariffs and intimidation tactics towards weaker countries highlights the need for a restructuring of global Economic and Geopolitical systems. India must also determine its position under these conditions . A key strategy for India would be to strengthen its manufacturing sector and create a favorable environment for economic growth. The recent Union budget's tax cuts for the middle-income group is a step in the right direction as it will likely increase disposable income and boost domestic consumption. However, this may not be sufficient with the US threatening increased tariffs, therefore, India should establish large-scale manufacturing hubs to compete internationally and explore alternative export markets. Ad...