Overview
- Goyal said India will tackle vulnerabilities in each supply chain under Atmanirbhar Bharat and accept higher domestic costs to build resilience.
- He cited production-linked incentives and a national semiconductor policy as key tools to expand local manufacturing capacity.
- India is spending about $130 billion annually on infrastructure, nearly doubling port capacity and growing airports from 74 to 158 with a target of 225.
- New trade strategy places trust and reliability above the cheapest price, with FTA talks underway with the US, EU, Chile, Peru, New Zealand and Oman, and agreements already active with Australia, the EFTA bloc, the UAE and Mauritius.
- The push follows Red Sea shipping disruptions, and India is offering its UPI payments platform to partners to cut transaction costs, while flagging new environmental levies such as the EU’s CBAM due from January 1, 2026.