In a conversation hosted by the High Commission of India in London, External Affairs Minister of India Dr. Jaishankar said “So we’ve actually softened the oil markets and the gas markets through our purchase policies. We have, as a consequence, actually managed global inflation. I’m waiting for the Thank You”.
The world inflation saw decline in the recently published reports from the USA and the Europe and world is taking a sigh of relief. Covid, then Russia Ukraine war and then the Israel Hamas conflict impacted the world economy.
Dr. Jaishankar explained how India’s approach to oil purchases from Russia and distribution management, prevented a surge in global oil prices. This prevented potential competition with Europe in the market as India and Europe would have gone to the same supplier. Getting oil from other sources helped reduce competition, thus prevented surge in prices.
India is one of the biggest importers of crude oil and its purchase impact the world Oil market. The decisions of India relating to oil purchase, Covid Management, Vaccine development and distribution, ease of business policies, manufacturing promotion in India and export increases, he talked about various topics.
Dr. Subrahmanyam Jaishankar (born 9 January 1955), is one of the most popular politicians in the world currently. His straight answers and quick response to the questions has earned him accolades on the world forums.
He is a well qualified politician and was a seasoned diplomat before taking over as External Affairs Minister of India. His educational qualifications
- B.A. (Honours) in Political Science from St. Stephen’s College, Delhi University
- M.A. in Political Science from Jawaharlal Nehru University (JNU), Delhi
- M.Phil. and Ph.D. in International Relations from JNU
Diplomatic career:
- Joined the Indian Foreign Service in 1979
- Served in various diplomatic assignments in Embassies in Moscow, Colombo, Budapest, Tokyo, the United States, China, and Czech Republic
- High Commissioner to Singapore (2007-2009)
- Ambassador to the United States (2009-2013)
- Ambassador to China (2014-2015)
- Foreign Secretary (2015-2018)
Other notable contributions:
- Author of several books on India’s foreign policy, including “The Indian Way: Strategies for an Emerging Power” (2014) and “Battle of wits: South Asia’s troubled waters” (2009)
- Regular columnist for various newspapers and magazines
- A well-respected voice on India’s foreign policy and international affairs