Archive · 24 Sep 2026
Nageswaran Warns India to Prepare for Higher Energy Prices
India buys some important goods and energy from other countries.
Those purchases could become more expensive in the coming years.
Chief Economic Adviser V Anantha Nageswaran said India should be ready for that possibility.
He said India cannot simply choose one international group because of its size and location.
India also faces possible trade problems and pressure linked to its purchases of Russian oil.
Nageswaran said the country should make more goods at home while continuing to provide services.
He also said India needs emergency supplies of important commodities and careful management of money entering and leaving the country.
Chief Economic Adviser V Anantha Nageswaran said India must be prepared for higher energy prices as it maintains strategic autonomy.
He said India cannot join a bloc because of its geography and size, while sovereignty carries economic costs.
Nageswaran warned that trade disruptions, higher bond yields and aggressive United States policies could create external pressure.
He urged India to strengthen manufacturing, services and domestic production while remaining globally competitive.
He said India must manage import dependence, build commodity buffers and carefully monitor capital inflows and outflows.
- Who
- Chief Economic Adviser V Anantha Nageswaran, the Indian government and the Reserve Bank of India are central to the discussion.
- What
- Nageswaran said India must prepare for higher energy prices and persistent balance-of-payments challenges.
- When
- September 24, 2026; the remarks were made on Thursday.
- Where
- At the State Bank of India Banking & Economics Conclave.
- Why
- India faces trade disruption, energy-related pressure, import dependence and competition for global capital while maintaining strategic autonomy.
- Speaker
- V Anantha Nageswaran, Chief Economic Adviser
- Main warning
- India may face higher energy prices in coming years
- External pressures
- Trade disruption, rising bond yields and aggressive United States economic policies
- Energy issue
- The United States authorized tariffs of up to 100 percent on goods from countries that are major importers of Russian oil
- Recommended response
- Strengthen manufacturing, services, indigenisation and commodity buffers
- Financial measure
- The government and Reserve Bank of India raised $137 billion through FCNR (B) deposits, according to Nageswaran
- Event
- State Bank of India Banking & Economics Conclave