Sydney:
At a press conference after meeting with Australia’s top business leaders and CEOs, Jaishankar referred to “what happened yesterday”, referring to the US election results. Jaishankar said India “sees this as an opportunity”.
Former US President and Republican candidate Trump made a stunning comeback after four years and was re-elected as the 47th President of the United States. A Trump victory would almost certainly have an impact on the global order, with significant implications for most countries’ policies and trade.
Trump’s victory will have a major impact on globalization. Jaishankar expressed his views on this. He said that India’s view on this has four aspects: First, “the reordering of supply chains is already happening globally. After the election, this is likely to accelerate.” The result is in the United States. .
He continued, “I’ll be very honest and tell you, some of this is going to be a little disruptive, but we in India see this as an opportunity because we kind of missed out on manufacturing buses in the early 2000s and 1990s, and we I Do think that the reordering of the supply chain has allowed us to get a second bite at the apple, and maybe this time, starting from the apple, we do better than before.
“Second, to some extent, there will be more geopolitical hedging. The policies that we can adopt, at least some of the policies that we can safely predict, will inevitably lead to a situation where more of us More (global) relationships will be sought to keep life stable,” he added.
The Foreign Minister went on to emphasize the importance of the digital age we live in, explaining that digital payment platforms will eventually become very valuable.
“The third aspect involves the digital aspect, which now encompasses almost everything.” Jaishankar added, “The issue that has occurred and will continue to intensify is trust, and the digital aspect of a product, service or technology will be subject to greater scrutiny ”
He further noted, “For example, digital payment platforms will become more valuable in a sense,” adding, “Which platform to use and with whom to share becomes an important question.”
The fourth aspect, he said, is liquidity. Talking about this, Mr. Jaishankar said: “I think the problem of world population imbalance is starting to bother us because demand is going to be very high in some economies. In those countries, talent may not be plentiful.”
“Things may be different elsewhere, and what will happen and has happened is that, perhaps in the next few years, we will move to a more integrated global workplace, with many countries and even the United States under Donald Trump Trump will differentiate between them on immigration and mobility, which countries must promote economically sound mobility.
“Businesses can also move. We have seen this in the past few years,” Jaishankar said.
