Strategic Shift: India Eyes Long-term Resilience

Principal Secretary to the Prime Minister, Shaktikanta Das, urged the Indian industry to reorient strategically towards diversified supply chains, emphasizing resilience over traditional cost-minimization strategies. Speaking at the CII Annual Business Summit, he highlighted India's proactive measures to shield its economy from geopolitical disturbances.

In a world fraught with geopolitical tensions, Das stressed the need for Indian businesses to explore new export markets and leverage India's expanding economic influence. He underscored the shift from concentration to diversification, advocating for long-term resilience over immediate efficiency.

Das pointed out India's significant strides in renewable energy and infrastructure development amid rising geopolitical and geoeconomic tensions. He highlighted strategic investments and reforms essential for enhancing India's global competitiveness and securing an inclusive economic future.

(With inputs from agencies.)