India has begun recalibrating its economic strategy — one that emphasizes self-reliance, export diversification, and resource security. The recent policy push through the Export Promotion Mission and the revision of royalty rates for critical miner
Just a few months ago, the United States imposed a steep 50% tariff on several India n products, delivering a major blow to India n exporters. The move prompted policymakers in New Delhi to confront an uncomfortable reality — that America, with its unpredictable trade policies and shifting priorities, cannot always be counted on as a dependable economic partner.
Simultaneously, China’s abrupt suspension of critical mineral supplies to India created fresh bottlenecks for several domestic industries, underscoring the risks of overreliance on any single global partner.In response, India has begun recalibrating its economic strategy — one that emphasizes self-reliance, export diversification, and resource security. The recent policy push through the Export Promotion Mission and the revision of royalty rates for critical minerals mark a decisive step in that direction.Export Promotion MissionThe Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the Export Promotion Mission — a flagship initiative announced in the Union Budget 2025–26 aimed at boosting India’s export competitiveness, especially for MSMEs, first-time exporters, and labour-intensive sectors.With an outlay of Rs 25,060 crore for the period 2025–26 to 2030–31, EPM seeks to unify various fragmented export schemes into a single, outcome-driven framework. The Mission will be digitally powered, flexible, and responsive to evolving global trade conditions, enabling faster adaptation to tariff escalations and supply chain disruptions.EPM’s collaborative structure brings together the Department of Commerce, Ministry of MSME, Ministry of Finance, and other key agencies, alongside financial institutions, Export Promotion Councils, industry associations, and state governments. Priority assistance will be directed toward sectors most affected by recent global tariffs, including textiles, leather, gems jewellery, engineering goods, and marine products. By sustaining export orders and protecting employment, EPM also aims to diversify India’s export basket and market reach.Critical MineralsIn another major decision, the Union Cabinet has approved the revision of royalty rates for key critical minerals — caesium, graphite, rubidium, and zirconium. This move is expected to accelerate the auction of mineral blocks containing these elements, thereby unlocking access to valuable associated minerals such as lithium, tungsten, rare earth elements , and niobium.The new ad valorem royalty rate for graphite ensures that revenue from mining reflects actual market prices across different grades. More importantly, the step is expected to spur indigenous production, reduce import dependency, and create employment opportunities, all while strengthening India’s industrial and technological base.These minerals play an essential role in high-tech manufacturing and the global energy transition. Graphite and zirconium, notably, feature among the 24 critical and strategic minerals listed under the Mines and Minerals Act, 1957 .National Critical Mineral MissionAs the world transitions to clean energy and advanced technologies, control over critical minerals has become the new axis of global competition. Recognizing this, India launched the National Critical Mineral Mission in January 2025, with a total expenditure of Rs 16,300 crore and an additional Rs 18,000 crore in expected investments from PSUs and private partners.Far beyond a mining initiative, NCMM serves as a strategic roadmap to secure mineral supply chains, ensure energy independence, and bolster industrial resilience. It covers every stage — from exploration and extraction to processing, recycling, R D, and human capital development. The Mission is anchored in the amended MMDR Act, granting the central government the exclusive authority to auction 24 of 30 identified critical minerals.India’s Strategic PivotThrough the Export Promotion Mission and the renewed focus on critical minerals, India is sending a clear signal — it is no longer willing to be a passive player in global trade shaped by the whims of larger economies. By diversifying export markets and building domestic capacity in essential resources, the country is charting a new economic doctrine grounded in resilience, innovation, and strategic autonomy.In a world defined by protectionism and supply chain fragility, India’s emerging approach reflects a confident shift — from dependence to dominance, and from reactive trade policy to proactive global leadership.
India China Critical Minerals Narendra Modi India China Critical Minerals
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Similar Attacks, Different Stands: How US Is Backing Pakistan Against India On TerrorismBack-to-back blasts in Delhi and Islamabad expose Washington’s shifting lens on terror.
Read more »
இந்திய கேப்டனை அடித்த பாகிஸ்தான் ரசிகர்.. மைதானத்திற்குள் கைகலப்பு.. 1989ல் நடந்தது என்ன?1989 India Pakistan fight: முன்னால் இந்திய அணியின் கேப்டன் கிருஷ்ணமாசாரி ஸ்ரீகாந்த்தை பாகிஸ்தான் ரசிகர் ஒருவர் தாக்கிய கதை.
Read more »
खालसा एड इंडिया के प्रमुख का इस्तीफा: बोले- UK ऑफिस की दखलअंदाजी से जरूरतमंदों तक सहायता नहीं पहुंची, अधिका...Amritsar Khalsa Aid India chief Davinderjit Singh resign Members Update
Read more »
India To Sign Rs 3.762 Crore Defence Deal With Israel: New Missiles Will Destroy Enemies Mid Air, No Fighter Jets NeededNew MR‑SAM purchase will add more than 300 missile units to India’s multi‑layer air‑defence shield and tighten the net around hostile aircraft, drones and cruise missiles.
Read more »
लद्दाख में चीन बॉर्डर से सटा न्योमा एयरबेस शुरू: ₹218 करोड़ लागत, 13 हजार फीट ऊंचाई पर बना; तेजी से सेना-हथ...India China Ladakh Border Nyoma Airbase Feature Details Update; लद्दाख के न्योमा स्थित मुध एयरबेस में बुधवार से ऑपरेशन शुरू हो गया है। भारतीय वायुसेना प्रमुख एयर चीफ मार्शल ए.पी.
Read more »
Strike on Trump Tariffs: चीन की गर्दन पकड़ी, अमेरिका की बांह मरोड़ी...! एक ही दिन में भारत ने कैसे दिया दोनों को जवाबExport Mission and Rare Minerals: केंद्र सरकार ने बुधवार को एक्सपोर्ट और रेयर मिनरल्स के मामले में बड़े फैसले लिए। इन फैसलों सरकार ने अमेरिका और चीन को जवाब दिया है।
Read more »