“Overall risk tilts modestly negative. While the India–New Zealand FTA promises a $20 billion investment boost and zero-duty market access—which supports medium-term growth—acute stress in specialized sectors (clean tech bankruptcies at Ascend Elements and WRP’s supply-chain–driven wind-down) plus eroding consumer confidence in branded goods (Reese’s quality concerns) create headwinds. The lack of internal divergences means the negative signals from machine, mood, and mechanics pillars outweigh the single positive map pillar.”