5 Trends to guide India's strategy By Gravitas Plus

The global economic order is changing. There are opportunities for radical reform. As  Nirmala Sitaram unveils IndiaBudget2021,  @palkisu presents in GravitasPlus  how does New Delhi plan to secure its place in the new global framework? Gets you 5 trends that should guide India's strategy.

This time last year, the world was a different place. The fears of Virus going global destroying the economy became true, with recession hitting all 5 continents. There were insolvency and closures. Global FTI's collapsed. We do not want history and China to repeat. Global GDP is forecasted to expand. India is targeting to be 5 trillion economy and need a GDP above 10%, we need to realign our priority. Need to 

1) Attract companies leaving China. Countries are looking to diversify supply chain and new 

2) Diversify economy: Tourism, real estate, project standing out is Neom in Saudi ; Dubai has entered space, 

3) Made in America: Trade war with China and Pandemic made many loose job in China, so Biden wants, America tax payers money, to be used to buy American goods, to be paid to American workers, who make American parts. This is said to revitalize the manufacturing sector. They are planning to look inward. India must strengthen its ties with America.

4) Lethiam is the new oil - used in batteries in electronic vehicle. Argentina, Chilie and Bulivia together they form the Lethiam triangle with 50% . India has set up a company in 2019 to buy Lethiam suppy, to have giant stock pile - Khanij Bidesh India Ltd. was set up in collaboration with Nalco, Hindustan Copper, and Mineral Exploration Ltd. 

5) Preparing for the future: E Vehicle manufacture to be up. Planning to be largest EV market. Help reduce pollution. Online market is expected to grow to 30% to USD 200 billion by 2026; Morgan Stanley. FDI increase in 2020. 

Indian Economy is seeing a V shape recovery. Looking at global trends, that will secure India's place in the future. 

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Hope.