Neelkanth Mishra, Chief Economist at Axis Bank, has warned that India must brace for geopolitical shocks every 1-2 years, particularly due to the ongoing tensions between the United States and China. Speaking at Kotak Private Banking's Take and Counter Take (TACT) event, he highlighted that while recent ceasefire hopes in the Middle East have temporarily boosted market sentiment, they could merely represent a calm before future storms. Mishra emphasized that the broader cycle of geopolitical conflicts is unlikely to end soon. He noted that wars have significant secondary effects on global supply chains, impacting sectors such as energy, chemicals, and logistics. He stressed the importance of building resilience in the Indian economy and urged for reforms in electrification and tourism to lower vulnerability to such shocks. Mishra believes that India is now better equipped to handle these challenges compared to historical periods of global stress. He concluded by stating that while the current geopolitical climate is painful, it presents a unique opportunity for reform that should not be missed. Billionaire investor Ray Dalio has also expressed concerns about ongoing conflicts, suggesting that we may be in the early stages of a new world war that could last longer than anticipated.