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P K Mishra Warns Trade Measures Can Become Weaponised

P K Mishra Warns Trade Measures Can Become Weaponised
Sanctions, tariffs turn into policy instruments, sometimes weaponised: P K Mishra · thehindubusinessline.com

P K Mishra said countries can use trade rules, tariffs and sanctions to pursue their goals.

Wars or problems along important shipping routes can make fuel and food harder to move.

This can affect India because it imports a lot of energy.

India now gets crude oil from 43 countries, up from 27, and is seeking other suppliers and routes.

It is also working to produce more energy at home and develop renewable and nuclear power.

Minerals used in batteries and electronics can be difficult to obtain because much of their processing happens in a few places.

India is working with other countries and supporting exploration, processing and recycling.

Mishra said strong public finances and financial institutions can help the country handle unexpected problems.

He said resilience means staying connected to the world while reducing vulnerability.

Key facts

Speaker
P K Mishra, Principal Secretary to the Prime Minister
Event
Kautilya Economic Conclave
Talk subject
“A World Priced for Risk”
Crude oil sources
India's crude oil import countries increased from 27 to 43
Energy risk cited
Disruption around the Strait of Hormuz
Critical-mineral initiative
National Critical Mineral Mission
Date published
October 3, 2026

Quotes

P K Mishra

Principal Secretary to the Prime Minister of India

“For energy security, the disruption around the Strait of Hormuz has been a particularly clear reminder of how geography can translate into economic risk.”
thehindubusinessline.com
“Resilience cannot be insulation from the world. It has to mean the ability to remain open to the world without becoming excessively vulnerable to it.”
thehindubusinessline.com

Sources

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