For India to thrive in a multipolar world, AP must become one of its most trusted pillars - Payyavula Keshav

For India to thrive in a multipolar world, Andhra Pradesh must become one of its most trusted pillars” - Payyavula Keshav, Minister of Finance & Planning and Commercial Taxes & Legislative Affairs, Government of Andhra Pradesh

“India has responded to the shift that is occurring in geopolitics with confidence, balance, and long-term thinking. India is building resilient Global Value Chains, expanding high-quality Free Trade Agreements, and leading the world in Digital Public Infrastructure, as we advance towards Viksit Bharat by 2047. This macro strength gives India not only economic weight but also geopolitical credibility. For India to thrive in a multipolar world, Andhra Pradesh must become one of its most trusted pillars. Our state is aligning itself closely with the national goals through competitiveness, transparency, and future-ready governance.

To secure its economic interests in this global landscape, Andhra Pradesh is focusing on five key pillars: (i) diversified global partnerships, (ii) future-ready infrastructure as a backbone of competitiveness, (iii) emerging industries through global market access, (iv) innovation, talent, and strength as a new security system, (v) keeping our citizen at the centre”, said Mr Payyavula Keshav, Minister of Finance & Planning and Commercial Taxes & Legislative Affairs, Government of Andhra Pradesh. He was speaking during the plenary session on ‘Securing Economic Interests in a Multi-Polar World’ at the 30th CII Partnership Summit in Visakhapatnam today.

Mr Richard Rossow, Senior Adviser and Chair – India and Emerging Asia Economics, Center for Strategic & International Studies, United States, noted that security agencies have started playing a significant role in economic policy in recent years, considering that there is a deeper military and security concern in emerging technologies. He suggested that engaging national security agencies in industrial engagements and regulatory interventions can address some of the emerging concerns about protective trade policies.

Dr Massimo Geloso Grosso, Head of Department, Organisation for Economic Co-operation and Development (OECD) said that Governments around the world should work together bilaterally and multilaterally to make the international trading arrangements fairer and function better to preserve the economic benefits of open markets, while considering other important objectives, such as supply chain resilience and economic security. He underlined two priorities to enhance mid-to-long-term growth prospects and opportunities for businesses around the world: (i) foster more resilient supply chains and (ii) unlock the full benefits of Artificial Intelligence.

Talking about the geo-economic challenges, Mr Vinay Bantu, President & COO, Global Economist, United States, said that economic value is classified into three stages: identified, created, and delivered. “India is delivering its value by 2047, a USD 30 trillion economy, which is reimagining its entire marketplace, its investment platforms, and public-private partnerships with a greater governance model. Andhra Pradesh is now working to create that force of value to a USD 3 trillion economy by 2047. The value has been identified, now it is being created, and it is about to be delivered,” he added.

Mr P Ravichandran, Deputy Chairman, CII Southern Region and President, Danfoss Industries Pvt Ltd, said that the world is undergoing a once-in-a-generation shift in terms of power, trade, technology and is no longer anchored in one or two poles; a truly multi-polar world is emerging across Asia, Middle East, Africa, and Latin America, creating new opportunities and vulnerabilities. “In this transition, India stands out, now the world’s fourth largest economy, a global benchmark in digital public infrastructure, a rising clean energy and manufacturing hub, and increasingly a credible voice for the global south. India is not just reacting to global change but shaping the rules from supply chain diversification to new trade corridors and energy partnerships”, he added