04-01-2024 12:43 PM | Source: Accord Fintech
India well positioned politically and economically to navigate challenges in 2024: EAM
News By Tags | #Economy #SJaishankar

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External Affairs Minister (EAM) S Jaishankar has said that the year 2024 will continue to be turbulent for the world but India is well-positioned politically and economically to navigate the challenges, maintain its rising global role and its path of development. He said India is well-placed to look at 2024 with a fair deal of confidence.

The minister said ‘today where we are positioned, where we are positioned politically, where we are positioned economically, when you look at a lot of these societal changes and the capabilities that have grown, I would say at the end of this conversation, I'm closer to saying we have strung the boat.’ Delving into India's engagement with China after Independence, he appeared to criticise Pandit Jawaharlal Nehru's policy, saying ‘if the approach had been 'more Bharat, we would have had a less rosy view of our relationship with China’. He especially noted this for the first decade after Independence.

Referring to economic reforms, Jaishankare said, ‘we were not sufficiently sweeping in our reforms in the first two decades of reform. We kind of fell for the mantra of globalisation, where we actually didn't benefit as much relatively as those who dominated production and those who dominated finance did’.