EAM Jaishankar Breaks Down EXACTLY What The Trump 2.0 Presidency Means For India

I am the foreign minister so it would be remise of me not to speak a little bit about the world and uh as you say I do believe something happened yesterday so uh just a small thing yes so U I think the uh probably to my mind four or five important consequences uh for the relationship and for the business aspect of the relationship one uh there was already a real ordering of Supply chains uh which was taking place uh it is very likely that in view of the election results yesterday in the US that this

would accelerate uh I'd be very candid with you I mean some of it would certainly be some more disruptive but we in India perceive it as an opportunity because having kind of missed the manufacturing bus in the 1990s 2000s uh we do think that uh this reordering of supply chain gives us a sort of second bite of the apple and maybe this time around uh starting with apple we are doing better than we were doing earlier uh the second uh there will be in a way more geopolitical hedging uh that uh uh what will inevitably

happen as a consequence of policies which we can at least those parts of it we can safely predict will be many more of us would be seeking more relationships to keep uh you know life uh stable the third pertains to the digital digital side and the digital side now pretty much covers everything uh and what has happened what has been happening and will continue to intensify is uh issues about uh about in a way of trust and uh you know what accompanies the digital aspect of a product or a service or a technology I think

will come under greater uh scrutiny and uh it will reflect itself in different fields I mean we've seen that already in semiconductors where there's a very conscious attempt at diversification of production uh in uh and uh the the drive towards AI will further accelerate this uh so so uh digital payment platforms for example would become uh in a sense more valuable but also uh you know which platform to use with home becomes a uh important question uh a fourth one to my mind is mobility mobility of talent and skills because uh even as there is

a there is a A reglobalization or reworking of the current Uh current architecture uh the apart from the technology changes I think the demographic unevenness of the world is beginning to bite us that there would be uh economies where the demand would be high uh the talents may not be plentiful uh it could be different in other places uh and what will happen in a sense is already happening and I can um you know give you some very interesting numbers here uh is we will be moving my guess is perhaps in the next few years

to a much more integrated Global workplace that many countries this and and it'll be to my mind even a United States under Donald Trump will make a distinction in in Immigration and Mobility that for them uh economic economically Justified Mobility will have to be fostered while those where the economic value is less or negative will have to be uh managed so this is going to be I mean in fact I I tell my colleagues in foreign policy I actually think for us at least in India is going to be one of the top three priorities

that how do you uh how do you create and manage uh and optimize a global uh workplace uh and uh uh now the global workplace doesn't mean that the talent alone has to move businesses can move as well uh we've already seen in the last few years uh right now by uh you know the last count we have about 1,800 Global capability centers in India which between them generate about $150 billion worth of exports so we see this T Trend intensified because the the more technology driven more digital era is going to require uh a

certain uh concentration and access to uh to skills and talent so whether the you know Talent goes to the business or the business goes to the talent I mean that's that's a decision which corporates will be making and finally uh we do think U that again politics not withstanding the world will be greener that uh that uh while the pace of The Greening of the economy may vary uh definitely uh if one looks today I mean we are certainly taking a big bet on green hydrogen on green ammonia we do we are thinking of green

shipping corridors uh we you know Electric Mobility is already upon us um we are looking at biodiesel uh in fact that's something we are pushing very strongly uh at sustainable aviation fuel so that whole world is green steel I mean these are these are going to come politics or no politics it may come faster it may come in some countries more than other countries but it will actually not stop as a global Trend so these to my mind would be the geopolitical factors we have to contend with and which our relationship now we can uh

either sit back and watch it uh resist it in some cases or leverage it in many cases I mean that choice is up to us uh we as relationship managers all of you as Enterprises with uh uh with a stake in it so uh that's the broad picture one last word uh as I said it helps when you are reelected it helps even more when you're reelected twice uh so uh we've got off to a fast start uh so uh in the we've done less than 150 days of the third term but even in this

period we have have made some very we've taken some very big calls among the calls which might be of interest to you uh one is to set up 12 major industrial zones across India with a view to uh attracting Global manufacturing and promoting domestic manufacturing uh secondly to double down on the infrastructure spending uh because the infrastructure Investments are still primarily driven by government spending uh so we will continue to do that as and we hope to see a greater private sector uh involvement there uh and we intend to connect that to the zones in

question three uh a big focus on uh Human Resources development on skills we are encouraging corporates to do more internship uh uh there's a kind of a prime minister's uh internship scheme which we have announced for uh prepare for uh uh create promote stronger rural growth uh because again uh historically that's been the lagard sector uh that's changing now uh so as as uh uh the uh uh The Agrarian economy really sort of gets better value for its uh uh production we are seeing actually the gaps between industrial growth and Rural growth narrow uh in

comparison to the past and finally as I said prepare for this different world which we are looking at a world of AI a world of EV a world of really uh Greener uh services and Greener products so that's really the picture which I uh want to present to you [Applause] [Music]