India faces a new economic challenge from soaring global long-term interest rates, despite weathering energy shocks. High bond yields in major economies make attracting foreign capital difficult for India. RBI's temporary FCNR(B) deposit swaps highlight the rising cost of foreign money. The author stresses building economic resilience through macroeconomic stability, fiscal consolidation, and boosting exports. Governments must avoid high fiscal and current account deficits. Durable solutions require increasing global market access, eliminating duties on raw materials, and ensuring policy stability for long-term foreign investment.