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Reading between the lines of the ECONOMIC SURVEY

26 Jan,2026 Linkdin

Recently came across an event, GLOBAL VILLAGE (The Southern Gujarat Chamber of Commerce and Industry (SGCCI)), with a core idea of technology & telecommunications that makes the world feel like a village. But the last few months' geopolitical melodrama has devastated the core belief of Global Village. The assumptions that shaped global trade for decades have broken down, and we know the turbulence we face day in and day out. I came across the UNCERTAINITY Index, which tracks broader economic policies, including sanctions and industrial subsidies, and rose by 228%. The recent economic survey also pointed out that countries are increasingly treating trade as an extension of their national security. The survey pushes for what it calls “strategic indispensability”; that is, we need for the world to depend on us in key domains, making us a node that is hard to by-pass. India accounts for just 2.9% of the world’s value-added manufacturing, and just 1.8% of its merchandise exports. We rank 44th on the Economic Complexity Index (ECI) — where we’ve been stuck since 2019. It also mentions 1. Our industries are starved for capital 2. Industry pay too much for electricity 3. Our logistics costs are too high 4. We lack a good research ecosystem 5. Industrial goal-specific clusters are not formed in a structured way. The solution seems simple- we need to overhaul the system to get better productivity. Becoming a global citizen is the way out, but roadblocks are many. These lyrics of a Hindi song stay with me for no reason... किसी से कहूँ, के नहीं कहूँ ये जो दिल की बात है कहने को साथ अपने एक दुनिया चलती है..... the songs goes further कहीं तो बीते कल की जड़ें दिल में ही उतर जाती है कहीं जो धागे टूटे तो मालाएं बिखर जाती है