India is stepping up efforts to reduce its dependence on imports by building domestic capacity in critical sectors, with rare-earth magnets emerging as a key focus area. Principal Secretary to the Prime Minister Shaktikanta Das outlined the country's commitment to structural reforms that will strengthen both economic resilience and manufacturing capabilities.

The initiative reflects a broader strategy to secure supply chains and boost India's technological independence in industries that power everything from renewable energy to defense systems. By developing homegrown expertise in rare-earth magnet production, India is positioning itself as a more self-sufficient player in the global innovation economy while maintaining macroeconomic and financial stability. Read the full story →

Today's takeaway: Strategic self-sufficiency in critical materials isn't just good business—it's reshaping how nations compete in the global innovation race.