Archive · 2 Jun 2025
India Diversifies Economy for Sustained Growth: Kazakhstan Partnership
India is doing well economically, but to keep growing, it needs to make sure it's not too reliant on any one thing.
This means trading with different countries, making different products, and using different suppliers.
Countries like Kazakhstan are important partners because they have resources India needs, like energy.
India is also investing in skills and infrastructure to attract global businesses.
The government is working to make it easier for companies to set up shop in India, like the Production-Linked Incentive (PLI).
By working with other countries and making changes at home, India hopes to keep growing and become a global leader.
India is focusing on economic diversification across supply chains, markets, and sectors.
Strategic diversification is at the heart of India's economic agenda to sustain growth.
Production-Linked Incentive (PLI) schemes are driving manufacturing in key sectors.
India is cultivating trade and investment partnerships with emerging middle powers like Kazakhstan.
Engagement with Kazakhstan aims to secure resources and explore collaboration opportunities.
- Who
- India and its government.
- What
- India is focusing on building a resilient and diversified economic architecture.
- When
- Ongoing with increased urgency.
- Where
- India and Kazakhstan.
- Why
- To sustain growth, secure its place among leading economies, and navigate global uncertainties amid geopolitical tensions and shifting trade dynamics.
- India's Economic Status
- Third largest by PPP
- India's Growth Strategy
- Diversification across supply chains, export markets, and sectors
- PLI Schemes
- Spurring manufacturing in electronics, automotive, and pharmaceuticals
- India's Partnership with Kazakhstan
- Focus on energy, critical minerals, and infrastructure
- Bilateral Trade with Kazakhstan (2024)
- Nearing $1 billion
- Indian Investment in Kazakhstan (since 2005)
- Over $460 million
- Astana International Forum (2025)
- Platform for Indian investors and business leaders