Geopolitical tensions, the potential for a renewed US-led trade war under President-elect Donald Trump, rising sustainability-driven barriers, China's overcapacity in key sectors, and rapid advancements in AI will significantly impact global trade in 2025, according to experts.
They said Indian exporters and importers should work hand in hand with the government to deal with these challenges.
India, they said, need to prioritise their AI (artificial intelligence) strategy as it promises to transform trade logistics and supply chain management and reshape traditional trade patterns.
"AI is fast emerging as an important vehicle for future trade's journey. The AI-driven digital transformation is poised to boost not only services trade, but it may also create whole new categories of tradable AI-powered goods -- from autonomous vehicles to robotics and beyond," trade expert and Hi-Tech Gears Chairman Deep Kapuria said.
He said while geopolitical tensions are beyond the competency of the