The world is at a crossroads. As regional conflicts continue to deepen geopolitical pessimism, there are compelling reasons for increased geo-economic optimism. Global growth is projected to hold steady at 3.2% in 2024 and 2025, inflationary pressures have started to subside and the global economy has avoided a recession despite a sharp tightening of monetary policy around the world, demonstrating unusual strength and resilience.
However, significant risks persist, such as climate change and its health impacts, unstable debt dynamics and the ratcheting up of protectionist measures. Even as fragmentation and polarization are on the rise globally, the most pressing challenges that the world faces—for instance, sustainable growth, an energy transition, creating meaningful employment opportunities and responsible governance of advanced technologies—require effective multilateral cooperation and collective action.
India's emphasis on a rule-based international order, advocacy of collaboration to solve shared issues and commitment to democratic values position it as a stabilizing force in an increasingly complex global order.
India's expanding influence: The country has established itself as a responsible world leader, working alongside an array of stakeholders to champion an inclusive, human-centric and sustainable developmental agenda. During the Covid pandemic, it supplied vaccines and critical medicines to over 100 countries, and its remarkable advances in digital public infrastructure (DPI), highlighting its leadership in digital innovation, offer adaptable models for the world. Initiatives such as the International Solar Alliance and Global Biofuels Alliance showcase India's commitment to drive global progress on sustainable development, climate resilience and the energy transition.
Bu hikaye Mint Chennai dergisinin December 26, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Mint Chennai dergisinin December 26, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
The Perks of Reflection and Daily Me-Time
Introspection helps one think more clearly, says Spinny CEO Niraj Singh
Hiring Is Just The First Step Towards Inclusion
Persons with disabilities and those from marginalized groups need mentors and a supportive environment to grow in their careers
It's your touch that will push an AI co-worker to do better
AI agents help break down silos and improve decision-making and collaboration, but it's people who can leverage their benefits
The Digital Data Protection rules have hits and misses
Some provisions can set a global example for age-gating but others would overburden data fiduciaries
The 'Asian Aunty' is smashing ageist and gender stereotypes
'Aunty' leaders are tackling a widely normalized form of 'othering'
Public debt: Do not let it eclipse the fiscal deficit
The Centre's plan to adopt debt as its new focus for budget prudence after 2025-26 does hold merit but we must not lose track of the fiscal gap. It'll remain a valuable economic indicator
Longevity Is Usually A Reward For Being Unspectacular
Careers That Endure Are Typically Not Spectacular. This Is So In Politics As Well As Other Fields
Get public-private partnerships right for target-oriented growth
The UK's new government should engage the private sector with deals that achieve public objectives
How to Use Home Loan Interest as Acquisition Cost
What to do with home loan interest
Inside Sebi's 30-month investigation
Though independent directors do not oversee a company's daily operations, Sebi has said that there is direct evidence of their involvement in the scam.
