India's Economic Resilience Built on Domestic Capability, Diversification, and Openness: PK Mishra

Hindustan Times · business

Prime Minister's Principal Secretary PK Mishra highlighted India's economic resilience, emphasizing domestic capability, diversification, and openness at the Kautilya Economic Conclave. He noted the shift from calculable risks to uncertainty due to global events like the pandemic and geopolitical conflicts. Mishra stated that resilience requires investment and strategic preparedness, not a retreat from globalization but a reassessment of its organization. He stressed that India's openness should not lead to excessive vulnerability, citing energy security and critical minerals as key areas.