India to witness strong economic recovery by end of second COVID wave: External Affairs Minister S Jaishankar

India to witness strong economic recovery by end of second COVID wave: External Affairs Minister S Jaishankar

FPJ Web DeskUpdated: Tuesday, July 06, 2021, 09:24 PM IST
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External Affairs Minister S Jaishankar |

External Affairs Minister S Jaishankar said that Indian will witness strong economic recovery as it comes out of second wave of COVID-19 and contribute to being an engine of growth for the global economy.

"India is coming out of the second wave & will witness a strong economic recovery. It will be a more dynamic & friendlier business destination. We will continue to be an engine of growth for the global economy", he said.

Addressing the inaugural session of the first Indo-Pacific Business Summit, he said that India will be a part of more reliable & resilient supply chains that the post-COVID world requires. "International cooperation especially among businesses will be very much a key to the better world that we all seek", he added.

Indo-Pacific, he said, reflects the reality of globalisation, the emergence of multipolarity & the benefits of rebalancing. "It means the overcoming of the cold war & rejection of bipolarity & dominance", Jaishankar added.

The Minister flagged three issues that the pandemic has brought to the fore: the salience of health, the power of the digital, and the importance of building or rebuilding greener.


On agriculture, he said the Government’s effort to empower farmers and enable freer trade has been matched by a stronger commitment to post-harvest infrastructure.

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