Global economic fallout of COVID-19 will continue to remain a problem: Shringla
[ad_1]
The world economic fallout of the coronavirus pandemic will continue to remain a problem and India has been taking a look at it not as constraints however as a possibility for its financial system in addition to rebalancing of the worldwide system, Foreign Secretary Harsh Vardhan Shringla mentioned on November 5.
In an handle at a digital seminar, Mr. Shringla additionally mentioned India is dedicated in direction of working for a rules-based worldwide order underpinned by rule of legislation, transparency, freedom of navigation, respect for territorial integrity and sovereignty, and peaceable decision of disputes.
The feedback got here within the backdrop of China’s rising expansionist behaviour in japanese Ladakh, South China Sea and Indo-Pacific area.
“Our objective remains advancing the security and economic interests of all countries,” he mentioned on the seminar organised by the National Defence College.
Mr. Shringla mentioned India has developed a distinctive means of sharing its developmental experiences with its companions that has projected the nation’s strategic intentions to be a “force for good” in a number of geographies throughout the globe.
“The global economic fallout of the pandemic will continue to remain a challenge for us in times to come as we saw during the 2008 economic recession. The setback of this magnitude requires a carefully deliberated approach,” he mentioned.
The international secretary additionally highlighted how India has been coping with the pandemic with a proactive response.
“The breakdown of the global supply chains has, perhaps, for the first time led us to think and explore alternative possibilities. India’s view has been to look at the challenge not as constraints but as an opportunity for our economy as well as rebalancing the international system,” he mentioned.
Mr. Shringla mentioned the pandemic has uncovered the vulnerabilities of nations and bolstered the necessity to retain “strategic autonomy“.
Mr. Shringla also referred to India’s non-permanent membership of the United Nations Security Council (UNSC) beginning January 2021.
“U.N. security Council dynamics have changed considerably in the last decade. As a rule abiding democracy and positive contributor to the security of global commons, India aims to bring innovative and inclusive solutions to foster development,” he mentioned.
Talking about evolving geo-political situation, Mr. Shringla mentioned India’s position in its prolonged neighbourhood lately has been that of a “net security provider“.
At the same time, he added that net security does not have to be seen in the context of hard security.
“Net security also means cooperation with our neighbours in the Indo-Pacific region on maritime security, anti-piracy, maritime surveillance and responding to marine pollution etc.,” he mentioned.
[ad_2]