‘Global financial crisis; rise of China, India led to economic rebalancing’: S Jaishankar

‘Global financial crisis; rise of China, India led to economic rebalancing’: S Jaishankar

During a webinar, External Affairs Minister S Jaishankar said that the year 2008 was a turning point in modern era marked by the global financial crisis and the rise of China, India and ASEAN, which led to economic rebalancing.

“This process took an even sharper turn in 2020 due to the Covid-19 pandemic, which accelerated trendlines and led to greater multi-polarity,” he said.

Jaishankar added that it is also in India’s strategic interest to facilitate and partner in the rise of Africa, He said, “India’s ability to “step up and assume global responsibility to do good” is a very important part of the country’s rise.

If Africa becomes one of the poles of the global polity, it is better for us.” Watch the full video for more.