The Parliamentary Standing Committee on Finance has proposed a recalibration of India’s export strategy to enhance manufacturing competitiveness and market diversification in response to external economic challenges, including significant US tariffs on Indian goods. To achieve this, the committee advocates for expanding production-linked incentive schemes into high-tech and green sectors, while emphasizing the need for new trade agreements to reduce market reliance. Additionally, the Finance Ministry is working on identifying non-strategic public sector enterprises for potential closure or privatization. This approach aims to bolster domestic economic resilience and stimulate growth, targeting an investment rate increase to 35% of GDP to sustain robust economic expansion.