From Financialexpress · FE Bureau · · 1m
Resilience Premium Justifies Strategic Investment
PK Mishra argues economic resilience costs more but pays off in volatile times.
In brief
PK Mishra argues economic resilience costs more but pays off in volatile times. India's strategic reserves and supplier diversification can offset global disruptions despite higher costs. Originally reported by Financialexpress.
PK Mishra at Kautilya Economic Conclave
Principal Secretary to the Prime Minister PK Mishra spoke at the Kautilya Economic Conclave on October 3, 2026.
“Resilience is not free, but it can be worth the premium”
Geopolitical Disruptions Demand Resilience
Global conflicts and supply chain risks justify government investment in strategic reserves and domestic capabilities.
Critical Minerals Add Vulnerability
Lithium, cobalt and rare earths extraction remains concentrated in few countries, raising supply chain concerns.
India's Strategic Shift
India expanded crude oil imports from 27 to 43 countries while investing in renewable energy and nuclear power.
Resilience Requires Productivity
Domestic manufacturing must become competitive, scalable and export-oriented to justify resilience costs.
“Resilience has to be accompanied by productivity”
Economic Security Balance
Countries need to balance openness with resilience through strategic reserves, supplier diversification and international partnerships.
The key point
India's strategic reserves and supplier diversification can offset global disruptions despite higher costs.
