How can India's focus on critical minerals reshape its economic and strategic position globally?

Critical minerals like lithium, cobalt, nickel, and rare earth elements are essential for advanced technologies such as electric vehicles, renewable energy, electronics, and defense equipment. As the world shifts towards green energy and digitalization, these minerals have become strategically important. India’s focus on securing critical minerals, especially through partnerships like with Canada, can have significant economic and strategic impacts.

• Boost to Domestic Industries: Access to critical minerals will help Indian industries such as electronics, electric vehicles, and renewable energy manufacturing to reduce import dependence and enhance self-reliance (Atmanirbhar Bharat).
• Strengthening Supply Chains: Collaborating with resource-rich countries like Canada can diversify India’s supply sources, reducing risks from overdependence on a few countries (e.g., China).
• Export Opportunities: Developing expertise in processing and value addition of critical minerals can position India as a global supplier of advanced materials and components.
• Attracting Investments: A secure supply of critical minerals makes India an attractive destination for global investors in high-tech manufacturing and clean energy sectors.
• Strategic Leverage: Control over critical mineral supply chains can enhance India’s bargaining power in international negotiations and strategic partnerships.
• Technological Advancement: Collaboration on critical minerals can facilitate technology transfer, R&D, and innovation in mining, processing, and recycling technologies.
• Geopolitical Influence: By actively participating in global critical mineral alliances, India can shape international norms and standards, expanding its diplomatic influence.