India's economic strength rooted in domestic capacity, diversification: Top official

India's ability to weather economic headwinds lies fundamentally in its domestic production capacity, sectoral diversification, and willingness to engage with the global economy, according to a senior government official.

P.K. Mishra, Principal Secretary to the Prime Minister, attributed India's economic fortitude to these three interconnected pillars while addressing concerns about external shocks buffeting the regional economy. His remarks underscore New Delhi's strategy of building self-reliance while remaining integrated into international trade and investment networks.

The assessment comes amid a backdrop of significant external pressures. The global economy continues to grapple with lingering effects of the pandemic, intensifying geopolitical conflicts, persistent supply-chain disruptions, expanding trade barriers, and rapid technological transformation—all of which pose risks to emerging markets like India.

India's diversified economic base, spanning manufacturing, services, and agriculture, has historically provided stability during periods of global turbulence. Officials argue that strengthening domestic capabilities while maintaining openness to foreign investment and technology transfer positions the nation to absorb external shocks more effectively than less diversified economies.

The remarks reflect New Delhi's continued emphasis on structural economic reforms and infrastructure development as mechanisms to sustain growth momentum amid mounting global uncertainties.