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Neelkanth Mishra, a top economist and PM’s advisor, has called for urgent structural reforms as India faces a cycle of global shocks occurring every 1-2 years. Mishra argued that the brief windows of geopolitical peace should be seen as opportunities to fortify the economy. He highlighted that India’s current readiness is historically high, citing deep financial markets and policy credibility. To mitigate risks from global oil and gas fluctuations, he advocated for a massive push toward electrification. Additionally, reforms in urban infrastructure and tourism were recommended to create jobs and stabilize domestic demand against external volatility.
