India is navigating through economic uncertainties amid growing global geopolitical tensions, according to Finance Secretary Ajay Seth, who addressed the 100th Skoch Summit at India Habitat Centre, New Delhi. He highlighted how the world economy is experiencing turbulence, affecting both developed and developing nations.

Global Uncertainties and Economic Challenges

Ajay Seth emphasized that geopolitical conflicts are being shaped by economic challenges, rather than the other way around. Nations are shifting from cooperation to competition, driven by economic stress. With increasing uncertainties, he stated that these challenges will persist for the medium term and might define the long-term economic landscape.

India’s Economic Growth Priorities

For India to sustain its growth trajectory, agriculture and manufacturing must be key focus areas. Seth stressed the importance of investing in people, innovation, and the economy to maintain a high growth rate for the next 20 to 25 years.

Export Headwinds and Policy Adjustments

One major concern he raised is that India’s export sector faces strong headwinds due to global economic slowdown. This suggests that India must explore domestic demand-driven growth while also strengthening its international trade policies.

The Road Ahead: Economic Strategies for India

To overcome these challenges, India must:
✅ Strengthen domestic industries – Focus on increasing manufacturing capacity and agricultural productivity.
✅ Encourage innovation – Invest in technology-driven solutions for long-term economic sustainability.
✅ Diversify trade partnerships – Reduce dependency on volatile markets and create a resilient export ecosystem.

Conclusion

India’s economic future depends on resilient policies, sustained investments, and innovation-driven growth. With geopolitical shifts and global uncertainties, India must adopt a long-term vision to ensure sustainable and inclusive development.

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