Reflecting on the poll implications of Donald Trump’s return to the White House, Indian External Affairs Minister S Jaishankar said India sees the acceleration and disruption in supply chain reordering as an opportunity given the US election results.
Jaishankar listed some of the consequences of Trump’s election as US president, taking into account business and diplomatic relations with India.
First, supply chains have begun to be reordered. This is likely to accelerate given yesterday’s election results in the United States. I’ll be honest with you, some of this may be somewhat disruptive, but we in India see this as an opportunity because we missed the manufacturing bus of the early 2000s and 1990s,” said Jaishankar during a meeting with CEO Officials and business leaders later announced an official visit to Australia in Sydney.
He said, “There will be more geopolitical hedging, which is the result of policies that we can safely predict will inevitably happen – and more of us will seek more (global) relationships to Keep your life stable.”
Jaishankar stressed that the world will move towards a more integrated global workplace in the coming years. “Even the United States under Donald Trump makes distinctions between them in terms of immigration and mobility. These countries have to foster economically sound mobility,” he said.
“The third one involves the digital aspect and what has happened and will continue to happen. What has happened and will continue to intensify is trust, and the digital aspect of a product, service or technology will be subject to greater scrutiny,” Jaishankar said.
“For example, digital payment platforms will become more valuable in a sense, and which platform to use and who to share it with becomes an important issue,” he further said.
He said the fourth element of Trump’s victory is the mobility of talent and skills.
“Even if there is deglobalization or a transformation of the current architecture, in addition to the cost of technology, I think the imbalance of the world’s population is starting to catch up with us, so there will be economies with high demand. In these countries, talent may not be plentiful. ,” the foreign minister said.
Jaishankar emphasized that the Trump administration can distinguish between immigration and mobility.
“Demand will be high in some economies and talent may not be plentiful, and it may be different elsewhere. So how do you create, manage and optimize a global workplace? A global workplace does not mean talent Businesses must move, too.
He said there are about 1,800 global competency centers in India, producing experts worth about $150 billion.
(Input from ANI)
