For too long India has put up with unfair competition...: EAM Jaishankar
S Jaishankar said that India has put up with «unfair competition» for too long in the name of the globalisation era. He said that India must have the ability to call it out if the competition is unfair.
While speaking at the 96th Annual General Meeting (AGM) of the Federation of Indian Chambers of Commerce and Industry (FICCI) on Friday, Jaishankar noted that history is on India's side and every measurable index is working in India's favour.
Jaishankar said, «For us a challenge both at home and abroad, is really the protection from unfair competition. That how do we get the data, how do we build the understanding, how do we make sure that feeds into policies? How then do we build our defences? And how do we take action against unfair competition because for too long this country (India) has put up with unfair competition in the name of there's a globalization era, aisa hi hota hai, we have to live with it.»
«We don't have to live with it. If competition is unfair, we must have the ability to call it out and finally, how do we help with the globalization of India because the world is globalising.
History is on our side. Every measurable index is working in our favour. In that 25 years, that 25 years is not just about growing in India as a Viksit Bharat.
It is actually also growing in the world as a Viksit Bharat,» he added.
Highlighting how the position of India in the world has changed over time, Jaishankar said that 15 years back, India was called the back office of the world. However, he added that today India is called the «pharmacy of the world, designer of the world and producer of the world.»
He said, «I would say perhaps about 15 years ago, we used to be called the back office of the world.
