'India's economic resilience lies in domestic capability, diversification and openness,' says PM's Principal Secy PK Mishra

'India's economic resilience lies in domestic capability, diversification and openness,' says PM's Principal Secy PK Mishra

The pandemic, geopolitical conflicts, supply-chain disruptions, trade restrictions and rapid technological changes, he said.

"Tariffs, Export Controls Used For Strategic Purposes": PM's Principal Secretary

Delivering a keynote address at the 5th Kautilya Economic Conclave in New Delhi, PK Mishra said the changing nature of trade policy was adding to uncertainty for economies and policymakers.

Tariffs, export controls increasingly being used for strategic purposes: PK Mishra

Tariffs, export controls and other trade restrictions are increasingly being deployed for strategic purposes rather than only conventional commercial objectives, Principal Secretary to the Prime Minister PK Mishra said on Saturday, warning that economic policy and geopolitical considerations are becoming more closely intertwined.

Sanctions, tariffs turn into policy instruments, sometimes weaponised: P K Mishra

P K Mishra highlighted the impact of geopolitical tensions on global markets and economic vulnerabilities. He mentioned that India is diversifying its energy imports to reduce vulnerabilities and ensure economic stability. The need for macroeconomic resilience through fiscal space and adequate foreign reserves was also emphasised. Mishra pointed out the importance of critical minerals for the future of advanced manufacturing and sustainability.

From Tariffs to Strategy: Is India Rewriting Its Trade Diplomacy?

India’s newer trade agreements suggest a shift towards selective integration — combining market access, services, investment and supply-chain goals with protection for sensitive domestic sectors. New Delhi : For years, India’s trade policy was defined as much by what it refused to sign as by the agreements it concluded. The decision to walk away from the […]