📊Executive Summary

India's electronics and pharmaceuticals sectors have shown resilience during FY24, with electronic goods exports growing by 23.5%. Despite a global trade slowdown, these sectors are expected to drive future exports. However, rising protectionism in advanced economies poses a risk to these exports, potentially leading to higher tariffs and compliance challenges. The WTO forecasts a gradual recovery in global merchandise trade, which could impact sourcing strategies. Procurement teams should monitor these developments closely, particularly regarding potential regulatory changes and geopolitical tensions that could affect supply chains....