Global trade will be affected by geopolitical uncertainty, Trump 2.0, AI, experts gave these suggestions regarding India
New Delhi: The year 2025 may see global trade struggling due to many reasons. Geopolitical pressures in some parts of the world include the possibility of a renewed trade war in the US under President-elect Donald Trump. Additionally, factors such as increased stability-based bottlenecks, China's overcapacity in key sectors, and rapid progress in AI could significantly impact global trade in the new year. Experts have said this. He said that Indian exporters and importers should work together with the government to overcome these challenges.
Experts say India needs to prioritize its AI policy as it has the potential to transform business logistics and supply chain management and reshape traditional ways of doing business. Deep Kapuria, business expert and chairman of Hi-Tech Gears, said AI is fast emerging as an important tool for the future of business.
need to use resources
Deep Kapuria said AI-based digital transformation will not only boost services trade, but it could also create whole new categories of tradable AI-based goods, from vehicles to robotics and beyond. Although geopolitical pressures are beyond the ability of the private sector to respond, businesses in developing countries need to mobilize resources to meet both environmental and social sustainability criteria and growing needs.
Kapuria said it is also important for companies to comply with sustainability indicators to integrate into the Global Value Chain (GVC), as supply chains are legally required to be monitored under the European Union (EU) Corporate Sustainability Due Diligence Directive. It becomes necessary to make it sustainable.
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Advice to invest heavily in new technology
SK Saraf, Founder Chairman, Technocraft Industries, said the domestic industry will have to invest heavily in new age technologies to become competitive and take advantage of the opportunities. Exporters will have to find ways to increase exports to America, because the imposition of high duties on Chinese goods by America will open up huge possibilities for them. US President-elect Trump has warned of increasing tariffs on countries like China.
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