What happened?
On March 22, 2025, External Affairs Minister S. Jaishankar delivered a keynote address at the Business Today Vucanomics 2025 event in Mumbai. He emphasised India’s strategy to navigate a volatile global economy marked by trade wars, supply chain disruptions, and geopolitical conflicts. Jaishankar highlighted India’s focus on building resilient supply chains, enhancing digital security, and strengthening its energy partnerships. He also underscored India’s diplomatic efforts to promote business interests globally, including trade agreements with the EU, UK, and the US, as well as new negotiations with New Zealand.
Why it matters to India
Jaishankar’s address reflects India’s proactive foreign policy aimed at boosting its economic resilience amid global uncertainties. By diversifying supply chains and negotiating strategic trade agreements, India seeks to secure its economic interests and expand its market presence. Strengthening energy partnerships and digital infrastructure is vital for India’s long-term economic growth and technological leadership. His emphasis on diplomacy-driven business promotion highlights India’s ambition to position itself as a key player in shaping the global economic order, with a focus on Viksit Bharat (Developed India) as the overarching goal.