📷 Image: Wikimedia Commons / Government of India
Business
PK Mishra says India will choose openness over fragility in a risk‑priced world
✍️ Business Standard
🗓 04 Oct 2026, 06:47 AM
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In an interview with Business Standard, PK Mishra stated that India's strategy for a world where risk is increasingly priced is to remain open rather than become fragile.
PK Mishra told Business Standard that the defining challenge for India today is a global environment where risk is being priced into every economic decision. He argued that the country's most effective response is to deepen openness in trade, investment and financial flows, rather than retreat into protectionist or isolationist measures.
The remarks underscore a belief that openness will cushion India against external shocks and attract capital, even as markets become more risk‑averse. By keeping barriers low and maintaining a predictable policy framework, India can position itself as a stable destination for foreign investors seeking long‑term growth.
Mishra cautioned that fragility – a tendency to close off in response to uncertainty – would undermine confidence and limit the country's growth potential. He called for continued reforms that enhance market access and strengthen institutional resilience, signalling that openness remains a cornerstone of India's economic outlook.
The remarks underscore a belief that openness will cushion India against external shocks and attract capital, even as markets become more risk‑averse. By keeping barriers low and maintaining a predictable policy framework, India can position itself as a stable destination for foreign investors seeking long‑term growth.
Mishra cautioned that fragility – a tendency to close off in response to uncertainty – would undermine confidence and limit the country's growth potential. He called for continued reforms that enhance market access and strengthen institutional resilience, signalling that openness remains a cornerstone of India's economic outlook.