PK Mishra urges India to build resilience without shutting out global markets

The Economic Times, carrying an ANI report, says PK Mishra, principal secretary to India’s prime minister, argued that economic resilience means staying open to the world without becoming excessively vulnerable. He said domestic production may cost more than sourcing from the cheapest global markets, but its benefits become clear during disruptions. Mishra said domestic capacity should be competitive, scalable and eventually export-oriented, rather than built simply to replace imports at any cost.