India against "weaponisation" of market shares, resources: Jaishankar
New Delhi, May 24
External Affairs Minister S Jaishankar on Sunday said India is against the "weaponisation of market shares and resources" as he outlined New Delhi's broad position on global conflicts and economic stability.
Addressing a joint press conference with US Secretary of State Marco Rubio, Jaishankar listed out five key principles that guide India's approach towards ongoing global challenges.
The External Affairs Minister said India advocates "dialogue and diplomacy" to resolve conflicts and supports "safe and unimpeded maritime commerce."
"I would make five points here. One, that we advocate dialogue and diplomacy to address conflicts. Two, we support safe and unimpeded maritime commerce. Three, we demand scrupulous respect for international law," Jaishankar said.
He further said India believes in building trusted global partnerships and resilient supply chains to reduce risks to the world economy.
"Four, we are against the weaponisation of market shares and resources. And five, we believe in the value of trusted partnerships and resilient supply chains to de-risk the global economy," he added.
Calling Rubio's visit "timely," Jaishankar said the discussions between the two sides had been "very productive."
"So overall, this has been a very timely visit by the Secretary. I think our discussions have been very productive," the minister said.
Addressing the joint press conference in New Delhi, Rubio reaffirmed the immense value the Indian community brings to the United States. He highlighted that Indian companies have invested over USD 20 billion into the US economy. He expressed a clear desire for this partnership to continue and expand.
He said Washington wants Indian investment in the US to keep rising even as it reforms how it admits foreign nationals.
"First of all, I accept the contribution that Indians have made to the US economy. Over USD 20 billion has been invested in the US economy by Indian companies. We want that number to continue to increase," Rubio said.
— ANI
Reader Comments
This is so heartening to see. As someone who follows geopolitics, India's stance is refreshing - no aggression, just good old dialogue and diplomacy. The five principles should be a global checklist for peaceful coexistence. And USD 20 billion from Indian companies to US? Sky is the limit for this partnership!
Respect for international law - this is crucial yaar. Jab tak koi country apne hisaab se rules change karega, tab tak conflicts honge. India's voice is getting stronger on world stage. Bas practical implementation bhi dekhne milna chahiye. 🇮🇳
A very balanced position. I especially like the point about resilient supply chains - COVID and recent conflicts showed how fragile global trade is. India's push for trusted partnerships could actually de-risk the world economy. Hope other powers take note.
Good points but I wish we also focused on domestic issues alongside this global positioning. India's manufacturing needs a boost and supply chains are important but our farmers and small businesses still struggle. Balance international ambition with internal reality bhi chahiye.
As an observer from abroad, I'm really impressed with how India is positioning itself - not taking sides but promoting stability. The USD 20 billion figure shows this is a real relationship, not just talk. Smart move by Jaishankar. 👍
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