As the new year begins, India seeks a new foreign policy compass amidst a shifting global order characterized by fractured trade, politicized finance, and geopolitical tensions. The post-Cold War era is ending, marked by rising great-power rivalries and a move away from multilateralism towards mercantilism. India, however, maintains faith in a rules-based order and national interest, pursuing Free Trade Agreements and promoting rupee settlement mechanisms to navigate these changes and harness trade for growth.