India Shows Remarkable Resilience Amid Global Turbulence: EAM S. Jaishankar

The global landscape in recent years has been marked by profound instability, driven by geopolitical conflicts, economic disruptions, and shifting power dynamics. From the aftershocks of the COVID-19 pandemic to the ongoing impact of the Russia-Ukraine conflict and tensions in West Asia, nations across the world have faced unprecedented challenges. These crises have disrupted supply chains, triggered inflationary pressures, and raised concerns over energy and food security.

Against this backdrop, External Affairs Minister S. Jaishankar highlighted that globalisation has deepened interdependence among nations, making distant conflicts capable of affecting economies worldwide. In such an environment, resilience is no longer optional but essential for survival and growth.

Jaishankar stressed that there is no getting away from building robust national capabilities, which he noted is the most effective way for de-risking and developing leverage (Photo:PTI) | Business Standard

India’s Strong and Steady Response

Amid these global disruptions, India has emerged as a stable and resilient economy. Addressing the convocation ceremony at Indian Institute of Management Raipur, Jaishankar emphasised that India has “come through solidly” despite facing multiple external shocks.

India’s position as one of the world’s top five economies reflects its robust recovery and sustained growth. This performance has been driven by strong domestic demand, prudent policy measures, and a governance framework capable of responding effectively to crises. The country’s ability to manage both internal and external pressures has reinforced its standing as a reliable and emerging global power.

Structural Shifts in the Global Order

Jaishankar underscored that the current phase of global instability is not temporary but indicative of deeper structural changes. The world is witnessing a transformation in economic alignments, technological competition, and geopolitical strategies. In this evolving order, traditional assumptions about globalisation and cooperation are being redefined.

He noted that in today’s world, economic tools, technologies, and even supply chains are increasingly being used strategically, sometimes as instruments of leverage. This shift has made it imperative for nations to rethink their approach to global engagement and strengthen their internal capacities.

A Strategic Approach to Risk Management

In response to these challenges, India is adopting a forward-looking strategy focused on managing risks and enhancing resilience. Jaishankar articulated the need to “hedge, de-risk, and diversify” in order to reduce vulnerabilities arising from overdependence on specific regions or resources.

This approach is particularly relevant in light of disruptions in global trade and energy supplies caused by geopolitical tensions. By diversifying partnerships and supply chains, India aims to ensure stability while maintaining its engagement with the global economy.

Building Self-Reliance and National Strength

A central pillar of India’s resilience strategy is the emphasis on self-reliance. Initiatives such as Atmanirbhar Bharat reflect a broader vision of strengthening domestic capabilities across key sectors, including manufacturing, defence, and technology.

At the same time, India’s rapid digital transformation has significantly enhanced its ability to adapt to changing circumstances. The expansion of digital infrastructure has improved governance, enabled financial inclusion, and streamlined service delivery. These advancements have played a crucial role in ensuring continuity and efficiency during periods of disruption.

India’s Expanding Global Role

As India continues to demonstrate resilience, its role on the global stage is becoming increasingly prominent. The country is not only navigating challenges effectively but also contributing to shaping international discourse and cooperation.

India’s growing influence is evident in its participation in global forums and its efforts to strengthen partnerships across regions. By balancing domestic priorities with strategic international engagement, India is positioning itself as a key player in an increasingly multipolar world.

The MGMM Outlook

India’s performance in an increasingly volatile global environment reflects a steady blend of strategic foresight and adaptive policymaking. As highlighted by S. Jaishankar, the interconnected nature of today’s world means that distant conflicts and disruptions quickly ripple across economies. Despite these pressures—from pandemic aftershocks to geopolitical tensions—India has maintained stability through strong domestic demand, responsive governance, and a clear focus on long-term resilience. Its position among the world’s leading economies signals not just recovery, but a deeper structural strength that allows it to absorb shocks while continuing on a growth trajectory.

At the same time, the emphasis on diversifying supply chains, reducing strategic dependencies, and strengthening domestic capabilities reflects a pragmatic shift in approach. Initiatives aimed at self-reliance, coupled with rapid digital expansion, have enhanced both economic flexibility and administrative efficiency. This balanced strategy—remaining globally engaged while reinforcing internal capacities—has elevated India’s role in a changing world order, positioning it as a dependable and influential player capable of navigating uncertainty while contributing meaningfully to global stability.

(Sources: Business Standard, LiveMint, Hindustan Times)