India’s Outlook for 2026: Navigating Transformation in a Defining Year

This article is authored by N.K Minda, Chairman, Uno Minda. The global economic landscape has undergone a fundamental shift over the past few years. The world order shaped by two to three decades of deep globalization—characterized by free trade, integrated supply chains and global sourcing—has given way to a more fragmented and protectionist environment. Escalating geopolitical tensions, regional conflicts and strategic competition have compelled large economies to impose tariffs, non-tariff barriers and export controls, particularly on critical raw materials such as semiconductors, rare earths, energy inputs and advanced technologies. These developments have disrupted global supply chains, raised costs and increased…