India's Strategic Manoeuvring: A Path to its Superpower Status?

India's ascent on the global stage is marked by a nuanced and strategic approach to international relations. Prime Minister Narendra Modi has cultivated relationships across a diverse spectrum of nations, balancing ties with the United States, Russia, Israel, and China. This multifaceted diplomacy underscores India's commitment to an "India First" policy, emphasising national interests while engaging with global powers.​

The recent imposition of tariffs by the U.S. has prompted India to explore new trade avenues. Finance Minister Nirmala Sitharaman highlighted India's proactive stance in securing bilateral trade agreements, aiming to mitigate the impact of such tariffs and bolster economic resilience. This includes ongoing negotiations with the European Union and the United Kingdom, reflecting India's intent to diversify its trade partnerships. ​

However, India's manufacturing sector faces challenges in surpassing regional competitors like Vietnam and Malaysia. These nations have adeptly attracted manufacturing operations shifting away from China, benefiting from favourable trade agreements and investment climates. India's complex regulatory environment and infrastructure constraints have, at times, hindered similar progress. Addressing these issues is crucial for India to position itself as a viable alternative for global manufacturing.

The potential for India to assume a leadership role in the free trade arena is evident, yet it carries inherent risks. Embracing a more open trade policy could expose domestic industries to heightened competition, necessitating careful calibration to protect and promote local manufacturing. Balancing liberalisation with safeguarding domestic interests remains a delicate endeavour.​

India's demographic advantage, characterised by a vast and youthful workforce, presents a significant opportunity. Leveraging this demographic dividend requires substantial investment in skill development and infrastructure to enhance productivity and attract foreign investment. Successfully harnessing this potential could propel India toward becoming a leading global manufacturing exporter. ​

In conclusion, India's trajectory toward superpower status is contingent upon strategic diplomatic engagements, economic reforms, and the effective utilisation of its demographic assets. By addressing internal challenges and capitalising on emerging global opportunities, India can enhance its position on the world stage and realise its aspirations of becoming a central player in international affairs.