world-economy

India Targets Import Cuts as Modi Charts Self-Reliance Course

Prime Minister Narendra Modi is moving to reduce India's dependence on key imports as the government seeks to fortify supply chains against mounting geopolitical uncertainty and currency pressures. The policy shift reflects broader concerns across major economies about supply chain vulnerabilities. In the United States, retailers are accelerating import timelines ahead of anticipated tariff actions, with major ports bracing for record container volumes. Federal Reserve officials have signaled readiness to intervene if inflation persists, citing artificial intelligence-driven demand and recent supply disruptions as ongoing price pressures. India's import reduction strategy reflects similar concerns about supply chain resilience now evident globally.