Mishra says India must stay open while building resilience
In short
PK Mishra said India should keep trading with the world while making its economy stronger. He said making things at home can sometimes cost more than buying them from abroad, and businesses are delaying investment and using more suppliers.
This matters because companies may rethink costs and supply chains. The reporting does not say which industries will be hit most or what policy changes may follow.
What the reporting says
Principal Secretary to the PM PK Mishra said India should stay open to global markets while strengthening economic resilience. He warned that domestic production may cost more than imports and said businesses are already delaying investment and diversifying suppliers because of uncertainty. The immediate takeaway is that resilience should come from competitiveness, while the source does not say which sectors will be most affected.
Why it matters
PK Mishra said India should remain connected to global markets while improving domestic resilience. The summary says he warned that local production can cost more than imports and that firms are postponing investment and spreading suppliers because of uncertainty. The reported policy point is that India should build capability through competitiveness, not simple import substitution. The source does not name any specific policy action or sector.