EAM Jaishankar lists 8 key takeaways for global community
India will become a global manufacturing hub on its own strengths. Our effort is not to become some country’s alternative, but to become a country which offers unique opportunities. We want to see the progress of all. If India progresses, 1/6th of humanity will progress.
We saw how a new world order was formed after World War II. Something similar will happen post-Covid-19. This time, India will ride the bus of manufacturing and integrating in global supply chains. We have specific advantages in the form of democracy, demography and demand.
Atmanirbhar Bharat is not just about competition but also about competence, it’s not about dominance but about dependability, it’s not about looking within but about looking out for the world.
We have just eased restrictions for FDI through reforms like you see in agriculture, labour and coal. Only a country that believes in the power of international trade and commerce would go on opening up more and more avenues to work with the world.
We have given a fair chance to those who have invested in India, shown their trust to expand their capacities and become globally competitive.
We gave preferential access to our large market under our FTAs. However, our trading partners have not always reciprocated with the same treatment. Our exporters have often faced ill-intended non-tariff barriers
India is keen to be part of global value chains and wants to do trade deals but they have to be fair and non-discriminatory. Moreover, since India would be providing access to a large market, the agreement must be reciprocal and balanced.
India lived up to its name of being the Pharmacy of the World in the last few months, supplying drugs and medical equipment to around 150 countries