New Delhi, May 11: During the Confederation of Indian Industry (CII) Annual Business Summit 2026, Shaktikanta Das, Principal Secretary-2 of the Prime Minister’s Office, emphasized that the world is currently experiencing an unprecedented geo-economic divide. He advised industries to prioritize enhancing resilience over merely cutting costs.
Das urged companies to think outside traditional frameworks and adopt new strategies to better navigate uncertainties. He outlined a seven-point agenda for Indian industries, which includes strengthening organizational robustness, enhancing balance sheets, developing new supply chains, upskilling available human resources, expanding into new markets, making strategic investments for the future, and increasing spending on research and development.
He noted that since the COVID-19 pandemic, the global economy has faced numerous significant shocks. However, India’s economy has demonstrated resilience and continued to grow steadily. Das highlighted that India’s strong economy, banking system, low corporate debt, and robust domestic situation have maintained stability in an uncertain global environment.
He also pointed out that government policies, such as energy transition, substantial infrastructure investment, and free trade agreements, have positioned India favorably even in challenging circumstances.
Das mentioned that the government has implemented several major reforms in recent years, including the inflation targeting system, bankruptcy laws, GST, ease of doing business, and labor reform laws. He reiterated that the government’s focus will remain on continuous reforms to achieve the development goal of ‘Developed India 2047.’
Furthermore, he stated that the government is working towards self-reliance in sectors such as rare minerals, critical minerals, shipbuilding, cotton production, and artificial intelligence.
CII Director General Chandrajit Banerjee praised the government’s strong commitment to reforms. CII President Rajeev Memani echoed this sentiment, highlighting dispute resolution and production factors as key areas for future improvements. He underscored three areas where reforms could enhance energy security: transmission and grid stability, transitioning from coal to compressed gas, and improving distribution efficiency.
Memani stressed that raising awareness about FTAs among MSMEs, integrating Indian industries into global value chains, and focusing on research and development and skill development are crucial for preparing industries to better face future uncertainties.
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