India Must Embrace Openness While Managing Risk, Says Top Adviser

India should pursue openness rather than retreat into economic fragility, according to P.K. Mishra, the principal secretary to Prime Minister Narendra Modi, in remarks addressing how the nation navigates an increasingly uncertain world economy.

Mishra outlined a calibrated strategy that acknowledges the risks inherent in global integration while rejecting protectionist responses. The approach centres on maintaining India's outward-looking stance in trade and investment while taking deliberate steps to reduce exposure to external shocks and supply chain disruptions.

The official stressed the importance of balancing the costs of building resilience against competing priorities, particularly energy security, which remains critical to India's development trajectory. Strengthening domestic manufacturing capabilities and expanding trade partnerships across multiple regions form part of this framework, aimed at reducing dependence on any single market or supplier.

Mishra's comments reflect New Delhi's broader policy direction as India seeks to position itself as a reliable economic partner while insulating key sectors from volatile international conditions. The strategy implies continued engagement with global supply chains and foreign investment, coupled with targeted investments in domestic capacity and strategic diversification of trade relationships.