India Focuses on Resilience Amid Global Uncertainties
Global supply chains strain is becoming increasingly evident due to conflicts, climate disruptions, and shifting trade dynamics, said External Affairs Minister Dr. Subrahmanyam Jaishankar at IIM Calcutta during the Doctor of Philosophy (Honoris Causa) Conferral Ceremony. He highlighted that a third of global production is concentrated in China, creating vulnerabilities in supply networks.
Dr. Jaishankar emphasized that conflicts and extreme weather events have added to the risk of disruptions. “Trade-side uncertainties, tariffs, and energy shifts further increase volatility,” he explained. He stressed that India must diversify supply sources to protect national interests and strengthen economic security.
Trade and Industrial Growth as Strategic Priorities
The Minister underlined the importance of long-term trade agreements and connectivity initiatives. “These efforts reflect India’s growing role in the global economy,” he said. He also highlighted the significance of a strong industrial base for a major power like India. The ‘Make in India’ initiative promotes domestic manufacturing, research, and innovation. This approach ensures India participates actively in both domestic and global supply chains.
Navigating Global Competition
Dr. Jaishankar noted that the United States and China are setting new rules of engagement, creating uncertainty for other nations. He explained that India is hedging against risks, exploring alternatives, and pursuing free trade agreements to strengthen its global position. These measures are part of India’s strategy to reduce vulnerabilities and expand influence.
Technology and Preparedness in a Changing World
The Minister also discussed the impact of emerging technologies, particularly artificial intelligence. He emphasized that preparedness is key to navigating a rapidly evolving global landscape. Strategic adoption of technology will reduce vulnerabilities and enhance domestic capabilities, aligning with India’s Atmanirbhar Bharat vision.
Key Takeaways
Dr. Jaishankar’s address highlights the urgent need for resilient supply chains, robust industrial growth, and strategic engagement in global trade. India’s focus on domestic capabilities, trade diversification, and technological preparedness aims to strengthen its position as a rising global power.
