EPISODE · Feb 27, 2026 · 55 MIN
S4E25 India–Israel FTA : The UPI Deal — And the Quiet Shift Beyond Dollar Settlement
from Emerging World Order 2025 · host Prateek Shukla
** Welcome To The Emerging World Order 2025 **IOn February 26, 2026, PM Modi concluded a historic two-day state visit to Israel — and the headlines got it half right.16 MoUs were signed. The relationship was elevated to a Special Strategic Partnership. UPI payments in Israel are now a reality. Mission Sudarshan Chakra integrates Iron Dome, Iron Beam, David's Sling and Arrow systems into India's defence architecture.But the Free Trade Agreement? Still being negotiated. Round 1 just concluded in New Delhi. Round 2 is May 2026 in Israel.In this episode, we break down everything — the trade baseline, what's actually being negotiated, the tariff asymmetry, the investment story behind Haifa Port, the risks that killed 8 previous rounds, and the one question nobody is asking loudly enough:Can India and Israel eventually trade in rupees and shekels — without touching the US dollar?The UPI rail is live. The GIFT City–Israel financial corridor is agreed. The Nostro-Vostro framework, the currency swap agreement and a direct INR-ILS exchange rate market are still ahead. But the plumbing is being laid — and this episode explains exactly what needs to happen next.Whether you follow geopolitics, trade policy, de-dollarisation, or India's rise as a global economic player — this one is for you.**Chapters**00:00 Intro — Why this FTA is a settlement story01:35 What a Free Trade Agreement (FTA) actually covers04:20 Why the United States dollar (USD) is the default (pricing + banking reality)07:10 The realistic paths beyond USD (invoicing, clearing, payment rails)11:05 The hard constraints (liquidity, hedging, trade finance, compliance)15:10 What to watch in the FTA text (signals that matter)18:30 Bottom line — flow amplifier vs “dollar exit” myth#india #israel #fta #trade #geopolitics #dedollarization #usd #dollar #payments #tradefinance #currency #supplychains #worldorder #multipolarX: @emergingorderTikTok: @emergingworldorder2025Rumble: @emergingworldorder2025Spotify: @emergingworldorder2025YouTube: @emergingworldorder2025
What this episode covers
** Welcome To The Emerging World Order 2025 **IOn February 26, 2026, PM Modi concluded a historic two-day state visit to Israel — and the headlines got it half right.16 MoUs were signed. The relationship was elevated to a Special Strategic Partnership. UPI payments in Israel are now a reality. Mission Sudarshan Chakra integrates Iron Dome, Iron Beam, David's Sling and Arrow systems into India's defence architecture.But the Free Trade Agreement? Still being negotiated. Round 1 just concluded in New Delhi. Round 2 is May 2026 in Israel.In this episode, we break down everything — the trade baseline, what's actually being negotiated, the tariff asymmetry, the investment story behind Haifa Port, the risks that killed 8 previous rounds, and the one question nobody is asking loudly enough:Can India and Israel eventually trade in rupees and shekels — without touching the US dollar?The UPI rail is live. The GIFT City–Israel financial corridor is agreed. The Nostro-Vostro framework, the currency swap agreement and a direct INR-ILS exchange rate market are still ahead. But the plumbing is being laid — and this episode explains exactly what needs to happen next.Whether you follow geopolitics, trade policy, de-dollarisation, or India's rise as a global economic player — this one is for you.**Chapters**00:00 Intro — Why this FTA is a settlement story01:35 What a Free Trade Agreement (FTA) actually covers04:20 Why the United States dollar (USD) is the default (pricing + banking reality)07:10 The realistic paths beyond USD (invoicing, clearing, payment rails)11:05 The hard constraints (liquidity, hedging, trade finance, compliance)15:10 What to watch in the FTA text (signals that matter)18:30 Bottom line — flow amplifier vs “dollar exit” myth#india #israel #fta #trade #geopolitics #dedollarization #usd #dollar #payments #tradefinance #currency #supplychains #worldorder #multipolarX: @emergingorderTikTok: @emergingworldorder2025Rumble: @emergingworldorder2025Spotify: @emergingworldorder2025YouTube: @emergingworldorder2025
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S4E25 India–Israel FTA : The UPI Deal — And the Quiet Shift Beyond Dollar Settlement
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