New Delhi – India’s External Affairs Minister S. Jaishankar has emphasised the need for strategic autonomy, cautioning that recent global developments have exposed the risks of over-dependence on a single market or supply chain. He attributed this lesson partly to what he described as Trump’s unconventional and highly public foreign policy approach. At the Economic Times World Leaders Forum 2025, Jaishankar urged industry and policymakers to diversify sourcing, production, and markets, while reinforcing the government’s focus on self-reliance.
Trump’s foreign policy described as a “major departure”
Jaishankar referred to former U.S. President Donald Trump’s trade strategy—especially the use of highly public tariff actions—as a significant deviation from traditional conduct. He pointed out how tariff measures on India for buying Russian oil appeared inconsistent when similar steps were not taken against much larger buyers like China or European economies.
Diversifying supply chains and markets essential
“The recent experience has taught us not to depend on a single market,” Jaishankar observed, adding that vulnerabilities exist not only from sourcing but also in production and marketing channels. He advocated diversification as a way to de-risk—it doesn’t mean disengagement from existing partners—but rather ensuring multiple options and bolstering domestic capacity under Atmanirbharta.
Conclusion
Under pressure from shifting global dynamics and unconventional foreign policy by major powers, India is doubling down on strategic autonomy. By encouraging diversification and domestic resilience, it positions itself to better navigate geopolitical volatility while safeguarding national interests.