India’s Strategic Alignment with Trump’s Shift Towards Multipolarity

S. Jaishankar stated that President Trump’s foreign policy shift towards a multipolar world aligns with India’s strategic interests. He praised the solid India-US relationship under Trump and discussed the importance of the Quad and technological collaboration. Additionally, he affirmed India’s commitment to maintaining the dollar’s status as a global reserve currency and emphasized gradual internationalization of the rupee.

India’s External Affairs Minister, S. Jaishankar, emphasized that US President Donald Trump’s foreign policy shift towards a multipolar world aligns positively with India’s strategic goals. Speaking at Chatham House in London, he remarked that Trump’s approach aims to diminish the dominance of any single power, which resonates with India’s long-term vision for global affairs.

Jaishankar observed that Trump’s foreign policy measures were predictable, aligning with the expectation that political leaders generally uphold their promises. He stated, “We are seeing a president and administration that, in our parlance, are moving toward multipolarity. And that is something that suits India.”

Additionally, the minister highlighted that the relationship between India and the US has prospered under Trump, free from significant historical baggage. He indicated that recent administrations have allowed both nations to focus on their mutual interests, which include economic collaboration and security. He said, “We have never had any issues with American presidents, at least in recent times.”

Jaishankar underscored the importance of the Quadrilateral Security Dialogue (Quad), involving India, Japan, Australia, and the US, which focuses on regional security and shared responsibilities. He affirmed, “Each Quad member is paying its fair share,” indicating the escalating collaboration among members in the Indo-Pacific region.

The minister noted that the Trump administration’s focus on technological advancement aligns well with India’s priorities, particularly regarding digital infrastructure. He stated, “The emphasis on technology as a game-changer in global politics offers India great possibilities,” highlighting potential enhancements to the economies and security of both nations.

Jaishankar also addressed connectivity initiatives like the India-Middle East-Europe Corridor (IMEC), which have received US support. He explained these projects are crucial for achieving India’s goals of improved global connectivity and economic integration, adding that the Trump administration shows a favorable stance towards collaborative connectivity initiatives.

Regarding global finance, Jaishankar reiterated India’s stance on the US dollar in relation to BRICS countries. He claimed that India does not intend to challenge the dollar’s position as the global reserve currency, stating, “The dollar as the reserve currency is the source of international economic stability.”

The minister refuted the notion of a unified BRICS position against the dollar, asserting that existing assumptions lack factual support. He affirmed that India is focused on bolstering the global financial system through cooperation with the US, while also voicing efforts to internationalize the rupee as part of India’s broader economic strategy. He emphasized India’s commitment to global economic stability amidst varying influences and trade dynamics.

In conclusion, S. Jaishankar articulated that President Trump’s foreign policy toward a multipolar world is congruent with India’s strategic interests, enhancing bilateral relations. The Quad’s formation signifies strong security collaboration, while technological advancements present opportunities for economic and infrastructural growth. Furthermore, India’s commitment to sustaining US dollar stability positions it as a global economic player, ensuring gradual integration of its currency into the international framework.

Original Source: www.financialexpress.com