India Should Strengthen Monitoring of Economic Risks, Says EAC PM Chairman

New Delhi, May 4 (BNP): India needs to take a more prepared and forward-looking approach to managing economic risks, especially in key sectors such as energy, food, fertilisers, and critical minerals, according to S. Mahendra Dev, Chairman of the EAC-PM.

Highlighting lessons from ongoing global tensions, particularly in West Asia, Dev said such developments show how quickly supply chains and prices can be disrupted. He stressed the importance of identifying potential vulnerabilities early and keeping a close watch on them.

According to him, regular monitoring of essential sectors can help the country respond faster to sudden changes, ensuring stable supplies and controlling price fluctuations. He also underlined the need to diversify sources and strengthen preparedness to reduce dependence on any single region.

The statement reflects a growing focus on building a more resilient economy that can better handle global uncertainties and protect domestic stability.