Sanctions and tariffs weaponised as policy tools: P K Mishra

P K Mishra, Principal Advisor to the Prime Minister, highlighted how sanctions and tariffs have become weaponised policy instruments amid rising geopolitical tensions. He noted their destabilising impact on global markets and exposed economic vulnerabilities worldwide.

Mishra stressed India's strategy to diversify energy imports as a shield against external shocks and safeguard economic stability. He underscored the need for macroeconomic resilience through maintained fiscal space and adequate foreign reserves.

The official also flagged the strategic importance of critical minerals for India's advanced manufacturing sector and long-term sustainability goals.