This edition of the Monthly Policy Note brings with it another set of thought-provoking messages. From how SHGs are critical to India�s rural economy to how something like an IPEF is much more than just an acronym. Innovations in transport and smart manufacturing in the aerospace and defence sector are functionally related themes that have one underlying commonality � research, development, design and innovation. While reflecting on how COVID has turned healthcare delivery on its head we also discuss on how technology plays a very important role when it comes to climate change including the increasing focus on carbon credits / offsets. In the expert section, we have Mr Anil Chaudhary (Group CEO - Metals and Mining, Essar Group and Former Chairman, SAIL) share his inputs on the steel market in India - a very relevant theme for the industrial segment in the country today.