India stands at a momentous crossroads in its economic journey. Unlike China, it may not enjoy the tailwinds that turned growth into more growth, having now landed in the tariff crosshairs of an insecure America. Yet, over the past three decades, it has left an undeniable mark on the global economy—built on the blood, sweat, and determination of its people.

Every percentage point of GDP growth has been hard-earned and well-deserved. The imperialist tendencies of superpowers are nothing new to India. The long shadow of the British Raj etched that lesson deep into its national DNA. India not only knows how to resist such pressures but how to transform crises into opportunities.

For India, a crisis is not a stumbling block but an opportunity with ample possibilities. From the watershed reforms of 1991 to the tremors of the 2008 global financial crisis, every disruption has been a trigger for transformation. Now, in 2025, with the United States imposing steep tariffs as high as 50 per cent on Indian exports, the country finds itself at another crossroads. If history is any indication, this moment will not mark decline but renewal.

1991: From Near........

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