India's trade strategy must move beyond solely FTAs to address import vulnerabilities and volatile global environment. While FTAs boost exports, rising crude oil and critical input imports create shocks. The author emphasizes strengthening domestic manufacturing, reducing strategic import dependence, and bolstering economic resilience. This involves targeted import reduction, logistics improvement, and boosting local production in crucial sectors like electronics and clean energy. India's growth requires combining external engagement with robust domestic capabilities and energy security for a competitive, resilient economy.