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ARTHA

Strengthening India’s

Economic Security:

Time to Broaden the

Conversation

R ecent years have witnessed a series The ongoing conflict in West Asia has
once again brought to the forefront
of severe shocks to the global
economy that differ in origin but are
remarkably similar in impact. The an issue that requires far more
sustained attention in India’s policy
pandemic disrupted global production discourse: economic security. For a
and mobility at an unprecedented scale. country of India’s immense size,
The Russia Ukraine conflict exposed ambitions, and growing global
vulnerabilities in global energy, food, and integration, economic security
fertiliser systems. Climate related events cannot be viewed narrowly as a
are increasingly affecting infrastructure simple matter of growth
and agriculture worldwide. Trade actions performance, trade balances, or
R Dinesh by major economies have introduced new fiscal stability. Rather, it must be
Past President & Chairman uncertainties, while concentration risks in comprehensively understood as the
Economic Affairs Council, CII and critical minerals and advanced capacity of the nation to sustain
Executive Chairman technologies have emerged as pressing development, protect its citizens
TVS Supply Chain Solutions Limited strategic concerns. Even recent from external shocks, preserve
disruptions in widely used digital strategic autonomy, and ensure that
platforms have highlighted the deep economic progress continues
fragility of heavily interconnected seamlessly even in a highly uncertain
economic systems. geopolitical environment.

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