As per the media reports it has been learned from the informational received from Ministry of External Affairs that Hon’ble External Affairs Minister Dr S Jaishankar addressed the ‘Future of Asia’ Forum organized by Nikkei Asia on ‘India’s role in an Uncertain World’. In a virtual address at the Nikkei Asia Future of Asia Forum, he said that the world is undergoing a flux – driven by geopolitical, geo-economic and geo-technological developments. In the last four decades, economic and political rebalancing accelerated by globalization has been driving us towards multipolarity. Today, the global order is visibly under stress, with Asia and the Indo-Pacific very much part of this transformation. But it is not just change we are seeing; there is also much greater risk-taking. It is visible in the conflict in Ukraine, in violence in the Middle East and the disregard for international law and agreements in Asia and the Indo-Pacific. This has economic facets, perhaps even more concerning.
He further said that the supply chain challenge, over-concentrations stemming from globalization and the use of economic coercion by states have put a premium on resilience and redundancy. Equally important is the technology challenge that has created a new level of inter-penetration and inter-dependence. As a result, the era of AI, EVs, green and clean technologies have brought both hope and anxiety in equal measure. As both market shares and data harnessing are leveraged, national security has become crucial to many economic transactions. Asia, home to 3 of the 5 largest global GDPs, the 2nd largest number of developing countries, accounting for about 60% of the global population and nearly 50% of the global trade is deeply impacted by all these trends. But it is also an important player in it. Being at the geographical, demographic and increasingly economic centre of Asia, India’s choices will have increasingly important consequences.
EAM, Dr. S. Jaishankar said that Under PM Modi’s leadership, it initiated the Neighbourhood First Policy for the Sub-Continent. This is a consultative, outcome oriented and non-reciprocal approach that has promoted regionalism by extending credit lines and grants. They have been used for road and rail connectivity, construction of transmission lines, improving border customs infrastructure, enhancing health, education, women empowerment and making provision of essential supplies by neighbors. India continues to focus on enhancing physical, digital and people to people connectivity across the region, augmenting trade and development, and ultimately contributing towards building a secure and stable neighbourhood. India and ASEAN are neighbours sharing millennia-old cultural and civilizational linkages. ASEAN is at the heart of our Act East Policy that matured into a wider Indo-Pacific vision. We strongly support ASEAN unity, centrality and cohesion. The Trilateral Highway from India to Thailand and beyond, when completed, will literally bring our regions much closer. Synergy between India’s Indo-Pacific Oceans Initiative (IPOI) and the ASEAN Outlook on Indo-Pacific (AOIP) provides a stronger framework for cooperation. India and ASEAN members also cooperate closely under various sub-regional mechanisms like the Mekong-Ganga Cooperation, the Indonesia-Malaysia-Thailand Growth Triangle and the BIMSTEC.
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