Working in regional frameworks and smaller groups is beneficial in developing trust, interoperability, and the utmost outcome, according to the Chief of Navy Staff, who cited India’s experience.
Meenakshi Lekhi, Minister of State for External Affairs, stated on Saturday at the ongoing 8th Raisina Dialogue that India would function towards reforming multilateralism in light of the changing geopolitics. In order to preserve social order, there is a better approach to resolving conflicts and preventing them from arising in the first place.
“India has accepted the responsibility of speaking up for the voiceless, and multilateralism reform must be the method forward because, in its current form, it has failed to deal with key issues,” Lekhi said, adding that the current state of the world necessitates a review of the process and how things have happened or have not been dealt with.
India is a “country of the (global) North,” but it is also “very greatly a country of the (global) South,” according to her. India is a nation in the East and, thanks to its democratic values, a nation in the West.
Rajeev Chandrasekhar, Minister of State for IT, stated during a panel discussion on “Democracy’s Eleven: Protecting our Technology Future” that the post-COVID semiconductor, electronics, and innovation world orders are undergoing a fundamental reset and that like-minded nations must collaborate on a cooperatives framework to shape the fortune of technology.
The minister expressed the hope that with international cooperation these principles will find a wider application among other countries. India has characterized the boundary conditions of openness, trust, and safety as well as responsibility for platforms and companies to perform on the Indian Internet, the minister said.
Talking at the Raisina Dialogue alongside Admiral John Aquilino, Commander of the US Indo-Pacific Command, Admiral Ben Key, and Gen. Koji Yamazaki, Chief of Staff of Japan’s Defence Ministry, Navy Chief Admiral R. Hari Kumar emphasized the benefits of “regional solutions to regional problems” while emphasizing how current maritime challenges could be best addressed by “issue-based convergences” among like-minded nations.
Working in regional frameworks and smaller groups is beneficial in developing trust, interoperability, and outcome, according to the Chief of Navy Staff, who cited India’s experience.
According to Admiral Kumar, Prime Minister Narendra Modi’s goal of SAGAR, or safety and growth for all in the region, serves as the foundation for India’s foreign policy in the area.
The government is not in a “crazy rush” to sell everything, according to Finance Minister Nirmala Sitharaman, who was speaking at the Raisina Dialogue. The government would continue to be present in four important sectors, including telecom.
A minimal presence of the current public sector commercial firms at the holding company status will be kept under government control in important sectors. The surviving businesses within a strategic scheme sector will be considered for closure, privatization, or a merger with another PSE.
According to the minister, the nation would have competently managed government-owned businesses in four key critical industries.
According to the PSE Policy, there are four primary strategic sectors: power, petroleum, coal, and other minerals; banking, insurance, and financial services; transport and telecommunication; atomic energy, space, and defense.
Despite the uncertainty surrounding the global economy, India’s exports of products and services are anticipated to surpass USD 750 billion this fiscal year, according to Industry and Commerce Minister Piyush Goyal.
The nation’s exports of products and services reached record highs in 2021–2022 of 422$ billion and 254$ billion, respectively, bringing the total to 676$ billion.
We exported goods and services worth a record 650$ billion last year. We plan to set a bigger record this year. We have already surpassed the amount from the previous year. Speaking at the Raisina Dialogue, he predicted that “we will hope to cross 750$ billion (this year)”.