PK Mishra urges India to brace economy against global shocks

PK Mishra, speaking to ET Government, emphasized that India needs to prepare its economic framework for potential global shocks. He warned that external disturbances, such as trade volatility and commodity price swings, could test the resilience of the Indian economy. Mishra called for proactive policy measures, including fiscal prudence and diversification of growth drivers, to mitigate the impact of such shocks. He added that strengthening institutional capacity and enhancing market flexibility would be crucial for sustaining long‑term stability. The remarks underline growing concerns among economists about the need for a robust economic buffer in an increasingly unpredictable global environment.