As supply chains fragment, AI rewrites the rules of competition, and geopolitical volatility intensifies, companies are searching for stable, scalable, innovation‑rich environments. India can provide what they need, and with the right enabling policies, it can transform its advantages into a lasting global lead.

NEW DELHI—India has long been portrayed as a low‑cost back office for international businesses. This was always something of a caricature, but it is especially inaccurate today. India is emerging as one of the world’s most important hubs of invention, product development, and technological ambition.

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