India’s External Affairs Minister S. Jaishankar commended India’s ability to withstand recent global upheavals during his speech at the IIM Raipur convocation. Jaishankar emphasized India’s success in managing both internal and external obstacles despite a tumultuous global landscape. He pointed out the expanding impact of conflicts beyond their immediate regions due to globalization, acknowledging that India has emerged resilient from various recent global shocks.
Jaishankar highlighted the repercussions of the West Asia crisis, which disrupted global fuel supplies and caused hydrocarbon shortages following US and Israeli actions against Iran. Stressing the importance of bolstering domestic capabilities, he suggested it as a key strategy to mitigate risks and enhance strategic advantages. The minister also discussed the evolving global dynamics characterized by shifting power balances and structural turbulence, driven by advancements in technology, energy, military capabilities, and connectivity.
Acknowledging the trend of leveraging various aspects, including technology and resources, for strategic purposes, Jaishankar emphasized the necessity for risk hedging, diversification, and resilience in economic and foreign policy decisions. He identified the Covid-19 pandemic, ongoing conflicts, and climate change as the major challenges of the current decade. Jaishankar highlighted the significance of inclusive growth, representative governance, and strong leadership in preparing for and addressing these disruptions.
