In New Delhi, External Affairs Minister S Jaishankar spoke at the 29th Confederation of Indian Industry (CII) Partnership Summit 2024. He emphasized the transformative impact of emerging technologies like AI on the global economy. Jaishankar stated, "AI revolution is going to transform the way we live, work and even think."
He highlighted the importance of innovation and creativity in the knowledge economy, which demands more talent and skills. Jaishankar noted that India is expanding its global presence through economic, political, diaspora, and cultural initiatives, aiming to work as "Team India" abroad.
Jaishankar also discussed the challenges of a turbulent global economy, with nations adopting nationalistic policies and the need for new globalization strategies. He stressed the importance of partnerships both domestically and internationally to navigate these changes.
The summit, featuring 61 countries, 30 global speakers, and 11 international ministers, focuses on topics like resilient supply chains, sustainability, AI, and strategic growth initiatives, aiming for a sustainable and prosperous future.
S Jaishankar is the External Affairs Minister of India. He is responsible for managing India's foreign relations and international affairs.
CII stands for the Confederation of Indian Industry. It is an organization in India that works to create a positive business environment and helps industries grow.
AI stands for Artificial Intelligence. It is a technology that allows computers and machines to perform tasks that usually require human intelligence, like understanding language or recognizing images.
The Partnership Summit is an event where leaders from different countries and industries come together to discuss important topics like business, technology, and global cooperation.
The knowledge economy is an economy where growth is mainly driven by the use of knowledge and information, rather than physical goods or natural resources.
The global economy refers to the interconnected economies of all the countries in the world. It involves trade, investment, and financial systems that link different nations.
Sustainability means using resources in a way that does not harm the environment and can be maintained for the future. It focuses on balancing economic growth with environmental protection.
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