# Chief Economic Advisor V Anantha Nageswaran said India needs to create strategic buffers.

*business · news · 2026-05-02 · Daily Excelsior*

## Key points

- Chief Economic Advisor Nageswaran warns of India's 'most difficult' energy shock due to West Asia crisis.
- India's fiscal deficit target of 4.3% is at risk from higher global fertiliser and petroleum prices.
- Current account deficit could rise to over 2% of GDP this fiscal, compared to under 1% for FY’26.
- India needs to build strategic buffers for critical imports like nickel, tin, and copper alongside energy.
- AI-driven job displacement is a concern, urging India's IT sector to create roles utilizing AI.

**Countries:** India, West Asia

[Read the full story on Daily Excelsior](https://www.dailyexcelsior.com/india-should-create-strategic-buffers-to-navigate-most-difficult-energy-shock-cea-nageswaran/)

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