India is thriving in our new “Multipolar World”

India is loving this “new” multipolar world – after all, it has always taken that world view.

In the last few days, India managed to host the New Delhi summit of the BRICs (Brazil, Russia, India and China).

India thrives in uncertainty and diversity. It is simultaneously a member of the G20 and BRICS, a regular G7 invitee, a major Indo-Pacific partner of the West and a country with close relationships with Russia, Iran, China, Israel, the Gulf, Palestine, North and South Korea, and countries from Ethiopia to Brazil.

In New Delhi for BRICs were Chinese President Xi Jinping, Russian President Vladimir Putin, Iranian President Masoud Pezeshkian, Egyptian President Abdel Fattah el-Sisi, Ethiopian Prime Minister Abiy Ahmed, Indonesian President Prabowo Subianto, Vietnamese Prime Minister Lê Minh Hưng, UAE Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan and Malaysian Prime Minister Anwar Ibrahim, while Saudi Arabia and Brazil are represented by Foreign Ministers Prince Faisal bin Farhan Al Saud and Mauro Vieirais.

Not forgetting that India is also a leading member of the QUAD – USA, Japan, Australia and India.

Balancing diverse interests is what it does so well.

Indian Prime Minister Modi master minded several “informal meetings” that could reduce tensions in current conflicts.

That’s the kind of thing you can do when your economy is growing at over 7.5% and you have one of the world’s largest militaries.

Modern India is now a major pole of power in this multipolar world.

READ MORE in this excellent report from Pallavi Jain:

BRICS in Delhi: Welcome to the multipolar world – The Australia Today

What are the next growth areas for the Indian economy?

Indian Finance and Corporate Affairs Minister Ms. Nirmala Sitharaman

India’s next phase of growth is expected to create opportunities in high-value activities such as AI, engineering, analytics, product development, semiconductors and electronics, with Global Capability Centres increasingly developing into global innovation hubs.

Plus the GIFT International Financial Services Centre (GIFT IFSC) in Gujarat is also emerging as an international financial centre connecting global capital with opportunities in India.

Union Finance and Corporate Affairs Minister Ms. Nirmala Sitharaman highlighted opportunities at a roundtable in Chicago organised by the Consulate General of India in association with the US-India Strategic Partnership Forum. 

And the general growth indicators remain strong.

The finance minister highlighted India’s large domestic market, sustained economic growth, reform momentum and expanding opportunities for long-term investment.

She noted that India offers global companies a combination of market scale, skilled talent, infrastructure, technological capabilities and a decade of consistent reforms as businesses reassess global supply chains and capital allocation.

The discussions focused on “Manufacture in India, for India and for the world”, with investment opportunities across manufacturing, artificial intelligence (AI) and digital technologies, financial services, infrastructure, food processing, defence and advanced technologies. India’s Digital Public Infrastructure, including Aadhaar, Unified Payments Interface (UPI), DigiLocker, Open Network for Digital Commerce (ONDC) and India Stack, was highlighted as a platform operating at population scale.

In other words – opportunities everywhere in India.

Time to get over there?