In contrast to most economies that industrialised, which moved from agriculture to manufacturing, then to services, becoming the dominant part of output, India has taken on the middle, manufacturing-intensive, stage of development. Services today account for 50-55 percent of GDP (the Economic Survey 2025-26 puts the share of services in GDP in H1 FY26 at 53.6 percent of the gross value added), but manufacturing has stubbornly remained at 15-17 percent of GDP for three decades

"Starvation is the characteristic of some people not having enough food to eat. It is not the characteristic of there being not enough food to eat." — Amartya Sen, Poverty and Famines (1981) Food is no longer viewed merely as an agricultural commodity and has evolved far beyond its conventional role. It increasingly represents political legitimacy, economic resilience, and national security in an era marked by growing geopolitical rivalries, climate-induced production shocks,

The partition severed a continent from the Indian perspective. Every direct land route India could have used to reach Central Asia in historic arteries through Peshawar, Kandahar, and Khyber fell on the hostile side of the frontier. For years after independence, India’s Central Asia policy has rested more on a wish than a plan. There is indirect hope that Pakistan would permit transit or that Afghanistan stabilises enough as a worthy substitute. Illustration by The Geostrata

Trade finance is the financial instruments and services used to facilitate global trade in order to fill the gap between the dispatch of goods and the receipt of payment. It mitigates the risks associated with exports and imports through techniques like export credit, guarantees, insurance, and letters of credit, while facilitating cross-border trade. Illustration by The Geostrata Ports, highways, and manufacturing facilities receive policy attention, but for firms to compete

India is pursuing two policy objectives that are at odds with each other. The first is the construction of deep, subsidised, protected domestic manufacturing capacity. This has been extensively expressed through the PLI (Productivity-linked scheme) across 14 sectors and quality control orders on steel, aluminium, chemicals, and electronics. Along with this, high tariffs to protect sectors till they are competitive, in addition to the strong push for self-reliance demonstrated

The world as a civilisation progressed through the firm establishment of trading routes among ancient empires, through the maritime routes, evolving to the nuanced Silk Road and then to the creation of the World Trade Organisation. These collective events highlight how important trading has been for any evolved civilisation throughout history across timelines. In the contemporary world, trading is not just limited to the material exchange but has gone beyond to establishing g

The emergence of critical minerals is increasingly seen as a major driver of both national security and economic growth. This centrality of “future minerals” is driving a fundamental transformation in U.S. foreign policy. Washington's engagement with partner nations is being determined by a vision to diversify and secure supply chains despite global disruption. Within this evolving policy framework, Pakistan has emerged as an unexpected beneficiary due to the country's report

The ever-growing trend of bilateral FTAs in the global economy today can provide lessons to New Delhi amid its own push for the same. One such example would be Kuala Lumpur. Malaysia has been restructuring its EU FTA since 2025. The agreement focuses on adding value to the Malaysian semiconductor industry and on moving from assembly to chip design and fabrication. Trade access is being used as leverage to secure technology and R&D investment. Illustration by The Geostrata Th

Fentanyl is frequently called the border crisis between the United States and Mexico, but the forces keeping it alive come from much earlier in the production chain. Synthetic opioids are made through chemical reactions that require precursors, which are then sold across the border areas in legitimate commercial networks. The scale of the crisis reflects the durability of those upstream supply structures rather than episodic trafficking events. Illustration by The Geostrata I

As great power rivalries intensify from the Arctic to West Asia, India and the Nordic countries are deepening cooperation across trade, technology, and geopolitics. PM Modi is visiting Oslo, Norway, for the third India-Nordic Summit in May 2026. Initiated in 2018 in Stockholm, Sweden, this engagement has, over the years, focused on innovation, technology, climate change, renewable energy, the blue economy, and maritime cooperation. Illustration by The Geostrata This year, the

Throughout history, geography has influenced the fate of empires. For many centuries, lands that lack coasts have been described as landlocked or held captive to the land due to the need to pay tolls to pass through the territory of their neighbour country to access an ocean to use for shipping goods out of their country. The depiction of landlocked territories as prisoners or land-bound will soon change in the near future; when the new Silk Road is completed in April 2026, t

The European Union-India Free Trade Agreement (EU-India FTA), signed on January 27, 2026 after more than two decades of negotiations represents an inflection point in both trade and geopolitical priorities of the two partners. Cover by The Geostrata Using data from the WITS and COMEXT databases, this study employs a partial equilibrium model to estimate the expected change in EU exports of motor vehicles (HS-4 8703) and components (HS-4 8708) to India, outlining the expected

The Strait of Hormuz is not just a waterway; it's a chokepoint of civilisations, a pressure valve of the global energy order, and as the world is witnessing the regional dynamics with alarming clarity in March 2026. Iran's relationship with the Strait is not reactive. It is doctrinal. Illustration by The Geostrata THE ARCHITECTURE OF COERCION Long before the first anti-ship missile was fired this year, Tehran had been systematically constructing what strategists now recognise

In this world where we live today, the primary threat of conflict has shifted from territorial borders to the digital ledgers of central banks and the invisible corridors of global finance. The author, Urjit Patel, who is currently serving as the Executive Director of the International Monetary Fund and a former Reserve Bank of India Governor, provides a clinical autopsy of this transformation. Illustration by The Geostrata While his earlier work, Overdraft, focused on the in

For years, the plan of creating a powerhouse followed a very obvious path. From 19th-century Manchester to 20th-century Shenzhen, the way to prosperity was built on factory floors. The logic was obvious too: move millions of workers from low-productivity agriculture to high-productivity assembly lines. Under the Make in India as the main development strategy, India operated under this framework too. Illustration by The Geostrata As the world bank has warned, over the next dec

In an era of energy transitions and geopolitical uncertainty, Venezuela presents one of the most striking contradictions in the contemporary world. With the largest proven oil reserves at about 303 billion barrels , more than Saudi Arabia and Iran, in theory, the country should be economically viable and geopolitically relevant. Illustration by The Geostrata But the reality stands in antithesis to the expectations, becoming a textbook example of economic collapse, institutio

"Somewhere Europe has to grow out of the mindset that Europe's problems are the world's problems, but the world's problems are not Europe's problems” Dr S. Jaishankar (Indian External Affairs Minister) The world today has been confronted with the strange reality of trade protectionism and aggressive tariff policies, which stem from the thought of intrinsic economic development amongst multiple countries, starting with the US. What was earlier seen as protectionism and reignit

As the first month of 2026 comes to a close, the global economic establishment is less a coherent system and more a fragmented mirror of competing interests. With the EU – India summit less than a week away, the atmosphere is charged with unprecedented urgency. As the EU President Ursula von der Leyen touches down in India alongside other European leaders for Republic Day celebrations on January 26, the long-anticipated India – EU trade deal stands on the precipice of finaliz

India's trade policy since independence has been rooted in self-sufficiency and protectionism, which makes India's trade remarkably different. The first three and a half decades after independence were governed by very high tariffs, tight import restrictions, and a complex 'licence raj' system to encourage young Indian industries, while protecting many sectors. Illustration by The Geostrata This self-sufficiency encouraged domestic manufacturing, but at the same time, it ha

Trade conversations between the United States and India often focus on tariffs and technicalities, but the two giant trading partners share a much larger concern . This is especially true in agriculture. Illustration by The Geostrata The US relies on large, export-oriented farms, whereas India’s agricultural sector is composed of millions of small farmers who require steady prices to survive. What looks like a policy conversation on paper becomes an argument about defending t