Amid a changing global landscape, India is emerging as a significant “middle power” with its $4 trillion economy and a population of 1.4 billion, according to External Affairs Minister S Jaishankar. Speaking at the Bloomberg New Economy Forum alongside Canadian Foreign Affairs Minister Anita Anand, Jaishankar emphasized that countries with shared interests are collaborating increasingly to influence the evolving international order and assert their roles in global decision-making.
Jaishankar noted the trend of nations reassessing their national interests and developing independent policies, often forming strategic partnerships to tackle common challenges. He highlighted cooperative initiatives like the Quad and the India-Middle East-Europe Economic Corridor (IMEC) as examples of such alliances focused on strategic and economic agendas.
During the discussion, the shift in global governance was underscored, with Jaishankar pointing out that more countries are seeking to play a larger part in steering international affairs. This reflects a growing interest among emerging economies in strengthening cooperation while maintaining strategic independence. The remarks came after Canadian Prime Minister Mark Carney’s call for middle powers to unite in defending multilateralism and responding to shifts in the global system.
Anand echoed the sentiment, urging middle powers to adopt a more active leadership role in shaping the international order. She advocated for collective efforts to uphold international rules, enhance economic resilience, and address emerging security challenges. Highlighting Canada’s approach, Anand mentioned its trade agreements, security partnerships, and engagement through multilateral platforms like the G7. She emphasized that coordinated efforts could bolster national strategic autonomy while supporting shared interests and ensuring more resilient supply chains.
The dialogue at the forum highlighted the increasing significance of cooperation among middle powers as they navigate geopolitical tensions, economic uncertainties, and evolving global alliances. Both Jaishankar and Anand stressed the need for countries to engage more closely with one another and identify areas where their interests align, reinforcing the importance of collaborative efforts in the current international climate.