Trade in a Fragmenting World: India’s Strategic Balancing Act

    Global trade in 2026 is increasingly shaped by geopolitics, strategic resources, and supply-chain security. Africa’s mineral wealth and new bilateral deals linking tariff cuts with investment commitments reflect how major economies are using trade policy to secure critical inputs and strengthen domestic industries. These shifts coincide with debates on reforming the WTO ahead of its 14th Ministerial Conference, particularly over plurilateral initiatives such as the Investment Facilitation for Development Agreement. Meanwhile, regional projects and efforts to address trade-finance gaps are reshaping trade architecture. For India, expanding trade agreements and adapting to stricter regulatory standards will be essential to remain competitive in a fragmented global trading system.