PwC's 'Viksit' Framework: India’s Strategic Edge Through Non-Alignment & Bilateral Strength

PwC India has launched a report titled "VIKSIT: An Approach for India to Achieve USD 1 Trillion Exports," which outlines a strategic framework to enhance India's export capabilities and achieve the government's ambitious goal of $1 trillion in merchandise exports by fiscal 2030. Sanjeev Krishan, Chairperson of PwC India, emphasized the importance of leveraging India's demographic dividend and geopolitical position to bolster manufacturing and exports. He highlighted that India's non-alignment with global conflicts and strong bilateral relations provide a unique advantage in the current global landscape.Krishan addressed the challenges posed by China's dominant role in global trade, noting that diversification through strategies like near-shoring and friend-shoring is crucial to reducing overdependence on any single country or region. He stressed the importance of India being competitive on a global scale, capable of delivering goods with the precision and scale required to meet international demand. Despite the trend toward de-globalization, Krishan expressed confidence in India's ability to emerge stronger by offering alternative solutions and products to the world. The VIKSIT framework, as detailed in the report, aims to position India as a key player in the global export market, overcoming challenges and capitalizing on new opportunities.