New Delhi, Apr 10 (BNP): At a time of “unprecedented volatility” in the global economy, Shaktikanta Das, Principal Secretary to the Prime Minister, has called on Indian industry to focus on safeguarding jobs, strengthening balance sheets, and making strategic investments to stay prepared for future challenges.
Speaking at the All-India Management Association National Leadership Conclave in New Delhi, where he was also conferred the Public Service Excellence Award, he delivered a keynote address titled “Turning Turbulence into Triumph: India’s Journey Through Crises.”
He said businesses must prioritise building organisational resilience, redesigning supply chains, and reducing overdependence on vulnerable networks. Companies—especially exporters—should also diversify into new markets and invest in skilling their workforce to improve adaptability.
“These measures are essential for ensuring long-term sustainability and enabling future growth for Indian industry,” he noted.
His remarks come amid rising geopolitical tensions in West Asia, which have begun affecting global supply chains and pushing up input costs for Indian manufacturers. Crude oil prices have also surged sharply, adding inflationary pressure on businesses.
Recent data from S&P Global shows that manufacturing input costs have risen at their fastest pace in nearly four years, while new orders have slowed to their weakest level since mid-2022.
Against this backdrop, he underlined the importance of energy security, self-reliance, and diversification as key pillars for sustaining India’s economic momentum in an uncertain global environment.
