{"id":610,"date":"2026-01-29T12:04:00","date_gmt":"2026-01-29T12:04:00","guid":{"rendered":"https:\/\/ictrd.org\/Publications\/?p=610"},"modified":"2026-01-29T12:45:36","modified_gmt":"2026-01-29T12:45:36","slug":"tariffs-trade-navigating-us-policies-and-their-impact-on-indias-innovation-economy","status":"publish","type":"post","link":"https:\/\/ictrd.org\/Publications\/tariffs-trade-navigating-us-policies-and-their-impact-on-indias-innovation-economy\/","title":{"rendered":"Tariffs &amp; Trade: Navigating US Policies and Their Impact on India\u2019s Innovation Economy"},"content":{"rendered":"\n<p>At a time when global trade is being reshaped by shifting tariff regimes and geopolitical realignments,<br>ICTRD convened a timely Virtual Round Table titled \u201cTariffs &amp; Trade: Navigating US Policies and Their<br>Impact on India\u2019s Innovation Economy\u201d. The session brought together policymakers, economists, industry<br>leaders, academicians, entrepreneurs, and students to examine how evolving US tariff policies influence<br>India\u2019s manufacturing strength, startup ecosystem, innovation capacity, and long-term global<br>competitiveness.<br>The discussion was anchored in ICTRD\u2019s core mission of fostering an innovation-driven knowledge<br>economy by creating a platform where policy, research, industry, and entrepreneurship intersect.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Setting the Context: Leadership Perspectives<\/strong><\/h3>\n\n\n\n<p>The meeting commenced with a warm welcome by Siddharth Roy, who greeted all participants and<br>formally welcomed Dr. A. B. Ashish Sasankar, Chairman, and Dr. Ketan Mohitkar, Member Secretary<br>of ICTRD. He then invited Dr. Sasankar to deliver the Opening Remarks.<\/p>\n\n\n\n<p>Dr. Sasankar emphasized that discussions on tariffs and trade are no longer confined to economics<br>alone, they directly influence innovation, employment, education, and national resilience. He highlighted<br>the need for India to view global trade challenges not as constraints, but as opportunities to strengthen<br>domestic capabilities, enhance skill ecosystems, and build globally competitive innovation hubs. The<br>round table, he noted, was designed to generate ideas that translate into action, collaboration, and policy<br>relevance.<\/p>\n\n\n\n<p>Dr. Ketan Mohitkar reinforced this vision by stating that ICTRD\u2019s long-term objective is to bridge<br>technology, innovation, and policy. He stressed that trade literacy, innovation readiness, and industry<br>alignment must become integral to education systems if India is to emerge as a resilient and self-reliant<br>global economy. Collaboration, he emphasized, is the cornerstone of meaningful national progress.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/centraltimes.in\/wp-content\/uploads\/2026\/01\/unnamed-1024x512.webp\" alt=\"\" class=\"wp-image-29809\"\/><\/figure>\n\n\n\n<p>Shajan C Kumar highlighted how tariffs have evolved beyond traditional sectors like steel and oil to<br>directly affect innovation-driven industries such as IT, gaming, and creative sectors. India\u2019s greatest<br>strength, he noted, lies in its global manpower presence and innovation talent. Initiatives such as Make in<br>India and Startup India provide a strong foundation, but sustained competitiveness will depend on skill<br>enhancement, quality improvement, and strategic global negotiations.<\/p>\n\n\n\n<p>Focusing on entrepreneurship, Dr. Aravind Krishna emphasized that India is increasingly viewed as one<br>of the most attractive markets for global trade and investment. With strong government backing and<br>international interest\u2014particularly from regions like the Middle East, Indian startups are well positioned to<br>scale globally despite tariff barriers.<\/p>\n\n\n\n<p>From a consumer and macroeconomic lens, Ajay Sudharsan L explained how tariffs indirectly fuel<br>inflation, impacting essentials such as electronics, fuel, and pharmaceuticals. He stressed that startups and MSMEs must play a key role in developing affordable substitutes and driving innovation-led self-<br>reliance, while policymakers balance trade negotiations with consumer interests.<\/p>\n\n\n\n<p>Dr. Meghana Jalgaonkar underscored the growing complexity of modern trade, which now involves data<br>flows, supply chains, and strategic interests. She highlighted the critical role of academia and research in building policy literacy, analytical skills, and real-world exposure among students\u2014creating a future<br>pipeline of capable policymakers and trade experts.<\/p>\n\n\n\n<p>Adding a pragmatic industry view, Aditya Vaidya observed that while US tariffs have created short-term<br>challenges, they have also opened opportunities for Indian manufacturers to diversify markets, improve<br>quality standards, and reduce over-dependence on any single geography. He emphasized that such<br>pressures can strengthen India\u2019s long-term trade resilience.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Education, Innovation, and the Road Ahead<\/strong><\/h3>\n\n\n\n<p>The round table also drew strong parallels between trade resilience and education reform. Academic<br>leaders and industry voices highlighted the need for experiential learning, innovation labs, and policy<br>awareness to prepare students for an interconnected global economy. The interactive Q&amp;A session<br>further reinforced the idea that India\u2019s response to global tariffs must be rooted in skill development,<br>innovation, collaboration, and strategic thinking.<\/p>\n\n\n\n<p>The ICTRD Virtual Round Table reaffirmed that tariffs and trade policies are not merely economic<br>instruments\u2014they shape innovation, education, consumer welfare, and national competitiveness. By<br>convening diverse stakeholders, ICTRD continues to strengthen its role as a thought leader and catalyst<br>at the intersection of policy, trade, and innovation, laying the groundwork for actionable insights, policy<br>briefs, and future collaborations that support India\u2019s innovation economy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>At a time when global trade is being reshaped by shifting tariff regimes and geopolitical realignments,ICTRD convened a timely Virtual<\/p>\n","protected":false},"author":1,"featured_media":621,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"cybocfi_hide_featured_image":""},"categories":[5],"tags":[369,373,371,372,144,375,380,377,68,36,378,370,16,96,385,346,31,376,104,18,67,374,22,384,379,387,27,367,69,383,388,381,186,200,382,392,389,63,391,386,390,368],"_links":{"self":[{"href":"https:\/\/ictrd.org\/Publications\/wp-json\/wp\/v2\/posts\/610"}],"collection":[{"href":"https:\/\/ictrd.org\/Publications\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ictrd.org\/Publications\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ictrd.org\/Publications\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ictrd.org\/Publications\/wp-json\/wp\/v2\/comments?post=610"}],"version-history":[{"count":1,"href":"https:\/\/ictrd.org\/Publications\/wp-json\/wp\/v2\/posts\/610\/revisions"}],"predecessor-version":[{"id":612,"href":"https:\/\/ictrd.org\/Publications\/wp-json\/wp\/v2\/posts\/610\/revisions\/612"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ictrd.org\/Publications\/wp-json\/wp\/v2\/media\/621"}],"wp:attachment":[{"href":"https:\/\/ictrd.org\/Publications\/wp-json\/wp\/v2\/media?parent=610"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ictrd.org\/Publications\/wp-json\/wp\/v2\/categories?post=610"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ictrd.org\/Publications\/wp-json\/wp\/v2\/tags?post=610"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}