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Economic Affairs Secretary Anuradha Thakur said India must build capacity in strategic sectors such as semiconductors to shield the economy from an uncertain global environment

Bloomberg 2 min read Last Updated : Sep 24 2026 | 3:20 PM IST

India needs to build greater resilience in critical industries to protect its economy from an increasingly uncertain global environment, a senior official said Thursday, pointing to semiconductors as one area where New Delhi is seeking to reduce its vulnerability to external shocks.

“Today as nations navigate uncertainty and confront critical trade-offs, India has emerged as a stable economy that has the ability to withstand external headwinds,” Economic Affairs Secretary Anuradha Thakur said at the State Bank of India Banking and Economics conclave. “It has become all the more important for us to develop strategic resilience in this backdrop.”

Thakur added that the government is already taking “proactive steps to build capacity in emerging and strategic sectors across the economy,” pointing to India’s efforts to develop a domestic semiconductor industry as one example.

Thakur’s comments come a day after a host of international agencies turned more upbeat on India’s economy.

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