India needs structural reforms, not subsidies, to shield economy from West Asia shocks: Report

India must shift from subsidy reliance during global crises to structural reforms for economic resilience. Rising geopolitical tensions highlight vulnerabilities in energy, industrial feedstocks, and supply chains. A white paper by Think Change Forum proposes a three-point agenda focusing on export competitiveness, import discipline, and trade defence. Key recommendations include correcting inverted duty structures and bringing natural gas under GST.

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