Minister of Exterior Affairs S. Jaishankar addresses the International Financial Cooperation 2026 summit.
| Picture Credit score: Picture: X/@DrSJaishankar
Political and strategic concerns will overshadow financial ones within the selections that international locations make going ahead, Minister of Exterior Affairs S. Jaishankar stated on Tuesday (February 17, 2026).
Talking on the International Financial Cooperation 2026 summit organised by the Future Financial Cooperation Council, Mr. Jaishankar asserted that the world has entered a risky and unsure interval, “probably essentially the most turbulent in residing reminiscence”.
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“Lengthy-standing assumptions and expectations have now been questioned,” he stated. “Key dimensions are reworking concurrently, be they political, strategic, financial or technological. Options lie in de-risking and diversifying throughout a number of dimensions. This strategy is more and more seen within the insurance policies of countries as a lot as within the selections of enterprises.”
“Economics will give method to politics and safety on the subject of making selections, and expertise will probably be much more transformative than ever earlier than,” Mr. Jaishankar stated.
The Minister defined that India’s response is to additional construct nationwide capabilities, deal with progress challenges comprehensively, and cope with each short-term points and long-term prospects.
“The reform categorical will proceed to roll on,” Mr. Jaishankar asserted. “This has implications each on the provision and the demand aspect. From a place of energy, India is partaking worldwide companions extra intensively. That is demonstrated in recently-concluded commerce offers. We may also be extra salient in world manufacturing, companies, expertise, expertise, and expertise.”
General, he underscored six notable options of the present worldwide situation. The primary, he stated, is that the U.S. is set to re-industrialise at any value, and the second is that China’s manufacturing and export focus continues unabated and would possibly even develop. The third and fourth options are that tech competitors is intensifying and polarising, and vitality commerce flows are being “considerably redefined”.
The fifth and sixth options of the worldwide world order, Mr. Jaishankar stated, are that new mindsets are encouraging higher risk-taking, and that migration and mobility have gotten contentious points.
(The reporter is on the GEC 2026 summit on the invitation of the Future Financial Cooperation Council.)
Revealed – February 17, 2026 01:29 pm IST
