India Emerges as Global Stabiliser Amidst Economic Turmoil

The global landscape is marked by ''profound imbalances'' in trade and energy, as highlighted by India's Finance Minister, Nirmala Sitharaman. Addressing the Kautilya Economic Conclave 2025, she emphasized India's crucial role as a 'stabilising force' amidst a world facing intense geopolitical conflicts and structural transformation.

Sitharaman pointed out the increasing geopolitical tensions and how sanctions are reshaping global supply chains. She stressed the importance of India remaining vigilant with no room for complacency. Further, she discussed how wars and strategic rivalries are testing old alliances while new coalitions are forming, showcasing India's robust capacity to absorb shocks.

The Finance Minister stated that the unprecedented global uncertainty requires nations to manage and confront trade, financial, and energy imbalances, aiming for fairness and sustainability. She called for international institutions to evolve, empowering developing nations' voices in rule-making to reflect today's realities, rather than outdated hierarchies.

(With inputs from agencies.)