The decoupling of trading giants the US and China is a massive opportunity for India to become a powerful force in the global supply chain, said billionaire Gautam Adani in Davos Global Summit Meet.
In a blog post, the Adani Group chairman said that the world is currently experiencing the "Great Fracture" as a result of geo-economic fragmentation and the militarization of economic policies (a term coined by the UN Secretary-General). The conflict between China and the US has an impact on the entire world and has significantly weakened economic globalisation.
The World Economic Forum (WEF) will tackle "Cooperation in a Fragmented World" in Davos 2023 instead of "Globalization 4.0," according to Adani, who claimed that no one could have predicted the world would change so drastically in such a short period of time.
The regulations were changed, but in a completely unexpected way. A "polycrisis," a word coined in the 1990s and extensively discussed in the World Economic Forum's Global Dangers Report for this year, is the result of the unprecedented bombardment of multi-dimensional risks, he continued. Adani said that this year's WEF meeting was his busiest because he met with several business leaders and over a dozen heads of state.
"Instead of being founded on allegiance, international alliances are now issue-driven. The Saudi Arabian finance minister's statement that China and the US are both "extremely significant" demonstrates how quickly geopolitical alliances are developing. Since no nation wants to place a single wager, the past is no longer a reliable indicator of the future. Every nation strives for its own kind of self-reliance, which we Indians refer to as atmanirbharta (self-reliance), according to Adani, who has ambitious ambitions to invest $100 billion in India by 2030.
"I must say that the concept of NEOM, which seeks to redefine "livability," is simply astonishing in its magnitude and breadth and will establish an unmatched bar in the years to come, according to the talks I had with the senior executives of NEOM (a future metropolis in Saudi Arabia) and Saudi Arabia. It serves as a call to arms for the high calibre interconnected infrastructure that the rest of the world hopes to construct.
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