The United States is actively implementing a "Great Reversal" strategy, redirecting Indian capital, trade surpluses and strategic supply chains to bolster its own economy and re-industrialize. Indian outward foreign direct investment into the US surged by 52% to approximately $4.4 billion in FY 2024-25, representing 15% of India's total global OFDI.
This capital outflow, alongside retail remittances, diverts resources from India's domestic priorities. Concurrently, the US is targeting India's $58.2 billion goods trade surplus (2025) with tariffs, including reciprocal rates up to 26% in 2025, later eased to 18% after a Framework Trade Agreement. Furthermore, H-1B visa approvals for major Indian IT firms declined 70% from 2015 levels by H1 2026, eroding India's IT services surplus and compelling firms to localize operations. Washington also aims to integrate India into US-led energy, defense, and technology supply chains, potentially making India a captive buyer and reducing its strategic autonomy, as seen with pressure regarding Russian oil waivers and CATSAA sanctions.
No comments:
Post a Comment