India should pursue indigenisation that maintains global export competitiveness rather than isolated protectionism, Chief Economic Adviser V Anantha Nageswaran said on Thursday. Addressing the SBI Banking & Economics Conclave in Mumbai, he said the country should build physical buffers for key commodities, such as maintaining at least six months of oil storage and focus on irreplaceable small components in global production chains to gain strategic leverage, he emphasised. Nageswaran said India must be “very mindful of getting supply-side resilience in the economy”, as “most shocks now arrive not by accident but by design” and are increasingly part of geopolitics. He warned that “market access has become conditional” as countries, including the United States, China and Europe, increasingly resort to “trade weaponisation”.