India's Role in Global Economic Growth Highlighted by External Affairs Minister Jaishankar
India key contributor to global growth during uncertain times: Jaishankar
Business Standard
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External Affairs Minister S. Jaishankar emphasized India's significant contribution to global economic growth during uncertain times, stating that India will account for 17% of worldwide growth this year. He noted the emergence of Global Capability Centres (GCCs) as key players in this economic landscape while on a tour of Caribbean nations.
- 01India is projected to contribute 17% to global economic growth this year, making it the second largest contributor.
- 02The emergence of Global Capability Centres (GCCs) is crucial for economic tasks adapting to workforce movements.
- 03India has approximately 1,800 GCCs, with exports nearing $70 billion annually.
- 04Jaishankar advocates that national interests and global good can coexist.
- 05His tour aims to strengthen India's ties with Jamaica, Suriname, and Trinidad and Tobago.
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During a speech at the University of the West Indies in Kingston, External Affairs Minister S. Jaishankar highlighted India's crucial role in global economic growth amidst current global uncertainties. He stated that India is expected to contribute 17% to worldwide economic growth this year, making it the second largest contributor after China. Jaishankar pointed out that the Global Capability Centres (GCCs) are becoming essential as they adapt economic tasks to the movement of people. Currently, India hosts around 1,800 GCCs, which collectively export nearly $70 billion annually. He emphasized that while the world appears increasingly self-centered, India's approach demonstrates that national interests can align with global welfare. Jaishankar's visit to Kingston marks the beginning of a nine-day tour aimed at strengthening India's strategic and cultural relationships with Caribbean nations including Jamaica, Suriname, and Trinidad and Tobago.
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India's growing economic role may lead to increased investment and collaboration opportunities for local businesses in the Caribbean.
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