Foreign investment and innovation are reshaping India’s global standing, says international trade and investment expert Manu Seth, in an exclusive conversation with TFI. Seth believes India is no longer just participating in the global economy, it is fast becoming one of its driving forces.
Despite geopolitical turbulence like the Iran-Israel tensions, Russia-Ukraine war, and ongoing India-Pakistan frictions, Seth says India continues to stand out as an attractive, resilient, and stable economic power. ‘No matter how unpredictable the world becomes, India has positioned itself as a trustworthy market. Investor confidence in the country hasn’t wavered, in fact, it has grown,’ he said.
From Consumer Market to Innovation Hub
Seth argues that India is transforming from a traditional consumer economy into a manufacturing and innovation powerhouse. ‘Today, India is a story that every nation wants to be a part of,’ he said. He points to the steady rise in direct investments, FDI, and international partnerships as proof of the world’s faith in India’s long-term vision and stability.
‘India is on an upward trajectory, like a well-oiled machine with multiple gears working in sync,’ he explains. ‘Despite global instability, India’s attitude remains fundamentally optimistic. Both domestic and international players are keen to align with India’s growth story.’
Modi Government’s Reforms Have Instilled Deep Confidence
According to Seth, Prime Minister Narendra Modi’s leadership and policy reforms have created a transformative environment for business in India. ‘A few decades ago, India was struggling to break into the top 10 economies. Today, we’re competing for a place among the top three or four. That’s not just due to policy, it reflects a broader shift in national mindset,’ he said.
He also points to the newfound self-belief among ordinary Indians, whether they’re entrepreneurs, service providers, or content creators. ‘There’s a growing sense of global identity and purpose. People no longer think locally, they think globally. This transformation is not just economic, it’s psychological.’
Trade Deals and Strategic Alliances
India has signed several important trade agreements in recent years and is actively negotiating many more. “From the recent UK trade deal to ongoing talks with the EU, the US, and other strategic partners, India is strengthening its global footprint,” Seth noted.
He highlighted the government’s push to open critical sectors such as infrastructure, defense, technology, pharmaceuticals, and medical innovation- to global investors. ‘These deals aren’t just policy wins; they’re the result of years of strategic groundwork. India has now joined the ranks of nations shaping the future of global investment.’
India’s G20 Presidency: A Defining Moment
Reflecting on India’s role after hosting the G20 Summit, Seth said, ‘Just as every village has a central forum or panchayat, India has become that forum on the global stage.’ The world is no longer asking whether to engage with India, but how and on what terms. ‘This shift speaks volumes about India’s influence and leadership,’ he said.
He added that India’s progress in sectors like tourism, technology, pharma, art & culture, and digital talent is now globally recognized. ‘‘Many countries within one country’, that’s the essence of India’s strength. Development doesn’t happen all at once, but the government has prioritized sectors wisely and laid out a roadmap for segmented growth.’
From Global South to Global Center
Calling the G20 moment a giant leap for India, Seth said it marked the emergence of India as the voice of the Global South. ‘This is no longer just a label. Under India’s leadership, it has become a powerful and recognized voice. India’s scale, potential, and strategic clarity have positioned it not just in the race, but as a serious contender to lead it.’
Is India the Next China? A Resounding ‘Yes’
When asked whether India is now a viable alternative to China for foreign investors, Seth responded without hesitation: ‘Absolutely.’
‘India has become one of the hottest and most promising destinations for investment in all of South and Southeast Asia,’ he said. He credits India’s edge to its delivery capabilities, skilled talent, robust manpower, and resilient community networks.
Seth emphasized that India is no longer following a narrow trade path. It is engaging in multilateral partnerships and building a powerful global trade network. ‘Our mindset has evolved. Whether in services or manufacturing, every Indian today sees themselves as a global player. India isn’t just an alternative anymore; it’s becoming the primary choice for global economies.’
