India should pursue more open trade and investment policies to withstand global shocks, experts said at the 5th Kautilya Economic Conclave in New Delhi.Liqing Zhang, a professor at the Central University of Finance and Economics in Beijing, said India could strengthen its resilience by opening its markets further. He said it would be good for both sides if India allowed more Chinese investors.Hans Peter Lankes of ODI Global said building resilience should stay at the centre of policymaking as economies face repeated external shocks. He pointed to fiscal, monetary and industrial policy as key tools.Lankes also highlighted India’s growing role as a leader of the Global South.

He said the country had managed many global economic concerns well.On India-UK ties, Lankes described the partnership as a two-way relationship. He said the UK, with its upcoming G20 presidency, was receptive to messages coming out of India. The conclave brings together economists and policymakers to debate India’s economic priorities amid global uncertainty.