India Faces Ongoing Global and Domestic Challenges
- S. Jaishankar stated that global developments continue to test India’s capabilities. He explained that India successfully managed challenges arising from both domestic and international sources. He shared these views during a convocation event at IIM Raipur.
- Jaishankar explained that many countries are finding it difficult to adjust to rapid global changes. The global order is experiencing transformation through two main factors which include external developments and internal national developments. He observed that the current situation at hand has developed into a more challenging and intricate condition.
Changing Global Order and Need for Strong Decisions
Jaishankar stated that decision-making requires urgent action because new technologies and new risks have emerged. He showed that India possesses greater optimism than most parts of the world.
He linked this confidence to India’s recent progress:
- Strong economic growth during the last decade
- Position among the top five global economies
- Improved ability to respond to global shifts
He added that this progress has created confidence in continued growth over the next decade.
Importance of Building National Capability
Jaishankar emphasized that India has faced several recent shocks that tested its strength. The events demonstrate the requirement for ongoing development of national capacities according to him.
He advised students to focus on:
- Adapting to global changes
- Strengthening skills and knowledge
- Supporting national growth in a changing world
Global Conflicts and Impact on Energy Supply
- Jaishankar also referred to rising tensions in West Asia. He mentioned the involvement of countries such as Iran, the United States, and Israel. The ongoing conflicts have resulted in increased instability throughout the entire region according to him.
- He pointed out that such tensions are disrupting global energy supplies. This situation adds pressure on many economies, including India.
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