India's strategic autonomy in global markets

Nov 11, 2025

In this insightful discussion, macro analyst Anirudha Dutta, who specializes in India's strategic positioning, tackles the challenges and opportunities shaping the nation. He covers India's approach to trade and regulation, emphasizing the role of institutional continuity in reforms. Dutta highlights how demographic trends and technological advancements could drive long-term growth while addressing risks to the country's demographic dividend. He also explores India’s potential as a secondary manufacturing hub amidst global supply chain shifts, and the impact of AI on the IT sector.

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INSIGHT

Bureaucracy Both Slows And Stabilizes

India's bureaucracy creates regulatory inertia that slows firms but preserves institutional continuity across political changes.
That continuity enables large multi-year projects, like the digital ID rollout, to survive political shifts and deliver scale benefits.

ANECDOTE

How A Meeting Saved The ID Project

Anirudha recounts how a bureaucrat who worked with Nandan Nilekani convinced Prime Minister Modi to continue and expand the ID project.
That meeting protected the program and enabled later claims of credit for its national benefits.

INSIGHT

Crisis Spurs Reform Momentum

India tends to pursue big reforms when pressured by crises or external shocks, as seen in 1991 and now with geopolitical shifts.
Current deglobalization and trade tensions are prompting India to lower tariffs and sign FTAs, advancing reform momentum.

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With volatility on the rise in global markets, investors are searching for stability. Some have their eyes on India and their longtime strategic autonomy to provide the predictability and resilience needed in the new trade order. Host Natalya Zeman and guest Anirudha Dutta break down the reforms, policies, and global positioning for India.

Topics include:

India's approach to trade and regulation
The benefits of institutional continuity and reform
Opportunities in supply chain reconfiguration and emerging sectors
The impact of demographic trends and technology on long-term growth

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