Archive · 22 Aug 2025
India Should Tap Domestic Markets Amid Global Trade Fragmentation
India's IT minister says the world is changing, and it's becoming harder to trade internationally.
Because of this, India should focus on its own large market.
He wants local businesses to make products for Indian consumers.
The minister was speaking at an event about new AI tools.
One tool, MakeGPT, helps people build smart devices using everyday language.
The goal is to help small businesses use AI and digital technology to create new products.
The event showed how AI can be used to design and make things.
Tamil Nadu's IT Minister suggests India focus on domestic market amid global trade fragmentation.
He cited rising protectionism and shifting supply chains as challenges to international trade.
The minister spoke at the "ZeroToOne: GenAI Product Day" at IIT Madras Research Park.
The Tamil Nadu government aims to foster innovation, especially for MSMEs in AI and digital tech.
MakeGPT, a platform for creating IoT systems using natural language prompts, was unveiled at the event.
- Who
- Tamil Nadu’s Minister for IT, Palanivel Thiaga Rajan.
- What
- India should focus on its domestic market due to global trade fragmentation.
- When
- The statement was made on August 22, 2025.
- Where
- IIT Madras Research Park, Chennai.
- Why
- Protectionist measures and shifting supply chains are making it difficult for businesses to enter international markets.
Current Economic Climate
Future of Global Trade
Trade Dynamics
Current Economic Climate
Hyper-globalism is declining.
Future of Global Trade
Global trade is still important and will continue to exist.
- Minister
- Palanivel Thiaga Rajan
- Location
- IIT Madras Research Park, Chennai
- Event
- ZeroToOne: GenAI Product Day
- Platform Unveiled
- MakeGPT
- Focus
- AI and digital technology for MSMEs