India to geopolitical challenges, cultural adjustments, and the need for businesses to invest in domestic supply chains to counter China, said external affairs minister S Jaishankar, Reformer of the Year, covering a broad range of subjects during a conversation at the ET Awards. Edited excerpts:
Let’s take four aspects of those changes. First, the politics. The world sees an improvement in governance. It sees a Prime Minister whose popularity rating is the envy of all other politicians in the world. It sees something very rare in this century — the possibility of three successive terms in a democratic polity. That means both progress and stability.
Second, the economics. They see infrastructure change driven by Gati Shakti. It’s easier to do business. I am not sure the world is conversant with the details. But they sense 250 million people emerging from poverty, the layer above them, which is getting into a new middle class. They know there’s consumption and production increase out there.
Now, to technology. Here, there’s a big difference. People see a bigger innovation startup skilling effort. There’s an appreciation India is taking manufacturing seriously. Without that, nobody’s going to take