India emerges stronger from every global crisis, says Das

PTI

New Delhi

India has consistently shown remarkable resilience during global crises, not only surviving them but also transforming through the turbulence to emerge stronger, said Principal Secretary to the Prime Minister Shaktikanta Das on Thursday.

Addressing the AIMA National Leadership Conclave here, Das said, "Through each crisis, India has not merely survived. It has in fact emerged remarkably and measurably stronger."

He noted that the global economy continues to face an unsettled and charged environment marked by geopolitical fragmentation, supply chain disruptions and uneven growth, with risks decisively skewed to the downside.

Against this backdrop, the former Reserve Bank of India (RBI) governor highlighted India's strong economic performance, stating that real GDP growth stood at 7.6% in FY26, with an average growth of 7.8% over the past five years.

"India's resilience does not alone explain the full story. India did not just endure the period of turbulence. It transformed through it," he said.

He also noted that several factors underpin this resilience, including macroeconomic stability, policy consistency, infrastructure-led development and strong domestic demand.

‘Industry should build resilience’

Shaktikanta Das, on Thursday urged Indian industry and businesses to focus on building resilience and preparing for future uncertainties amid ongoing global volatility triggered by the West Asia conflict. He said that in a time when the world is facing "unprecedented volatility", Indian businesses must take proactive steps to safeguard growth and sustainability. "At moments like this, it would be prudent for Indian industry to build organisational resilience, strengthen balance sheets, build new supply chains, protect jobs, re-skill manpower, diversify into new markets, especially for exporters, and invest strategically for future readiness," he said.