P.K. Mishra, the principal scientific adviser to Prime Minister Narendra Modi and head of the Prime Minister’s Office, warned on Saturday that India must prepare for economy-wide instability, not merely food and fuel shortages. Speaking at the Qatar Economic Conference in Doha, he said global volatility, disrupted trade and persistent supply-chain imbalances were making it difficult to formulate stable economic policies.
Mishra said the right policy decisions could still move the economy in a positive direction. However, uncertainty over the direction of the global economy, inflation, interest rates and other key factors leaves policymakers with no clear path forward.
His warning followed comments by External Affairs Minister S. Jaishankar, who expressed concern over food and fuel shortages at an event in New York a few days earlier. The conflict between Iran and the United States, which has continued since February, has disrupted or made cargo transport uncertain through key maritime routes, including areas around the Strait of Hormuz. Oil and fuel prices have consequently risen, while concerns about food shortages have grown.
“By Saturday, the minister’s warning no longer appeared isolated or exaggerated,” Mishra said, noting that the effects were being felt across sectors and commodities. He particularly highlighted fuel and food, saying both were becoming increasingly vulnerable to global disruptions.
The challenge, Mishra said, was identifying the right economic policy in an environment where circumstances could change soon after a policy was introduced. India, he added, remained exposed to uncertainty, volatility and sharp economic swings.
He argued that the Prime Minister’s Office had directed the administration’s work for several years, giving the final go-ahead across areas ranging from budget preparation to project planning. The office also monitors the work of government ministries and has extensive knowledge of the country’s economic and administrative affairs.
Although central ministers often point to India’s capacity to recover from crises, Mishra said such recovery and absorbing external shocks can be costly. He called on India to move toward greater self-reliance, while clarifying that this would not mean shutting the country off from the rest of the world, which is neither feasible nor desirable.
He said maintaining this balance is becoming increasingly difficult. Supply chains face disruption across fuel, minerals, food and other goods, leaving both the short- and long-term economic outlook uncertain.
Original Source: https://assam.nenow.in/pm-modis-principal-secretary-admits-that-the-country-is-going-to-face-crisis-in-food-fuel-and-economy/
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Publish Date: 2026-10-04 09:52:00
