New Delhi, October 4 (Daily Kiran) : Economists and policy experts gathered in New Delhi from October 3 to 5, 2026, for the 5th Kautilya Economic Conclave, themed “Resilience in the Age of Flux.” They emphasized the necessity for both governments and the private sector to develop economic resilience in light of extraordinary global uncertainties.
Professor Praveen Krishna, an economist based in Washington, D.C., highlighted the timeliness of the conference. He noted that the world is currently facing complex geopolitical challenges. Tensions in the Middle East, the Russia-Ukraine conflict, and shifts in U.S. policies are all impacting the global economy. In this context, the pressing question is how governments and industries can strengthen and secure their economies amid changing circumstances.
Krishna acknowledged India’s impressive economic progress in recent years, attributing it to effective economic policies and management. However, he cautioned that despite robust growth rates, several challenges remain, with new ones likely to emerge in the future.
A positive takeaway from the conference was the awareness among government officials, industry leaders, and policymakers regarding potential risks. Participants were engaged in serious discussions about risk mitigation, alternative arrangements, and ensuring economic security amid uncertainties.
Krishna further stated that relying on only one or two markets or energy sources could heighten risks. He urged countries to diversify their trade partners and energy supply sources.
He explained that strategies for risk management, building alternative supply chains, and strengthening economic ties with various nations will be crucial in the coming times. These topics were central to the discussions at the conclave.
Professor Pramod Kumar, head of the Agricultural Development and Rural Transformation Center at the Institute for Social and Economic Change (ISEC), remarked that the Kautilya Economic Conclave extends beyond economics. It serves as a platform for meaningful discussions on issues of national and international significance.
Kumar noted the participation of numerous researchers, PhD students, academics, bureaucrats, and policymakers, providing young researchers with insights into expert perspectives on various economic, social, and global issues.
He also addressed challenges in the agricultural sector, particularly the impact of drought-like conditions on Kharif crops in several southern states, including Maharashtra. He reported increased fertilizer demand among farmers in districts like Karnataka, leading to long queues. According to him, weather-related challenges affect both agricultural production and the rural economy, highlighting the need for better planning and resource management in agriculture.
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