India, June 7 -- In the continually changing currents of international geopolitics, who can predict trade deal outcomes when the trump card is a joker? Or maybe there is a method in the madness that carves out a new geoeconomic order through calculated unpredictability. The key question is: will the new order favour India? We can either wait for the answer while precariously hanging from the geopolitical precipice, or be positively proactive by strengthening ties with the Nordics and the wider European Union (EU).

Ultimately, India's international economic engagements should deliver four core outcomes for its citizens: improving quality of life through social welfare and equity; generating meaningful employment; fostering ideation and in...