Eric Anklesaria outlines how India can turn US tariff challenges into opportunities through FTAs, resilient supply chains, digital exports, and smart diplomacy.
Eric Anklesaria
According to Eric Anklesaria, with a new round of US tariffs making headlines and global supply chains still recalibrating after years of geopolitical uncertainty, Indian business leaders are asking what’s next. Eric Anklesaria, one of India’s most trusted advisors on economic strategy, believes the answer lies in smart adaptation, not just reaction.
The 2025 Reality: US Tariffs, Volatile Markets, and India’s Growing Role
Eric Anklesaria explains that the latest US tariffs-targeting not just steel and aluminium but now critical components in electronics, EVs, and pharma-are testing India’s export engine at a crucial juncture. “This isn’t just about losing price competitiveness,” Anklesaria notes. “It’s about keeping India’s growth momentum alive as global supply chains shift out of China and new alliances are being forged.”
He adds, “FDI flows and global investor confidence are increasingly tied to how India handles these trade shocks, especially as global companies look to diversify manufacturing footprints.”
Eric Anklesaria’s Strategic Recommendations for India, 2025
1. Accelerate Market Diversification
Anklesaria emphasizes that India can’t afford single-market dependencies. With EU and UK FTA talks gaining pace, and ASEAN markets hungry for alternatives to Chinese goods, India should move quickly to finalize new trade agreements and open up sectors for export growth.
2. Manufacturing Resilience-Beyond Slogans
“PLI schemes and ‘Make in India’ are finally seeing real traction,” says Eric Anklesaria. But he cautions that to truly benefit, India must focus on building resilient local supply chains-especially for high-tech, green energy, and medical sectors-so it can serve both domestic and global demand even in a tariff-heavy world.
3. Digital & Services as Shock Absorbers
India’s digital public infrastructure and booming IT services have kept exports buoyant even as goods trade faces pressure. Anklesaria urges policymakers to leverage this by pushing India’s leadership in cross-border digital services, fintech, and remote talent.
4. Proactive, Pragmatic Diplomacy
With US elections approaching and global trade policy in flux, Eric Anklesaria recommends India step up diplomatic outreach-not just to Washington but to Brussels, London, and Tokyo. “India’s voice carries more weight today, but only if it’s used for solution-building, not sabre-rattling.”
Turning Tariff Turbulence into Opportunity
For Eric Anklesaria, the current turbulence is a catalyst for bolder reforms. “If Indian industry and government can move decisively-on FTAs, supply chain reforms, and export market expansion-India could become the go-to alternative in the global manufacturing story,” he predicts.
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