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India's UN warnings on global economic instability

Overview

During the 81st UN General Assembly, Indian External Affairs Minister S. Jaishankar and leaders from several developing nations warned that ongoing armed conflicts, specifically in Ukraine and the Middle East, are driving global economic instability.

Initial warnings emphasized that wars disrupt supply chains, energy markets, maritime transport, and food supplies, disproportionately affecting nations that have little influence over the conflicts. Leaders from the Dominican Republic and Comoros echoed these concerns, noting the direct impact of European and Middle Eastern tensions on food and energy costs for vulnerable, low-income countries.

In subsequent addresses, Jaishankar characterized the current global state as living ‘on the brink of the abyss’ due to continuous threats. He expanded his warnings to include a trend of ‘hyper-competition’ where technology, finance, market access, and supply chains are being weaponized. He called for restraint and de-escalation in West Asia, advocating for a two-state solution to ensure lasting peace and protect civilians.

Entities

United Nations · S. Jaishankar · India · Global South · Azali Assoumani

Timeline

  1. [INTERNATIONAL] 7 sources
    India warns UN of global instability and weaponization of resources

    At the UN General Assembly, India's S. Jaishankar warned that global instability and the weaponization of supply chains and technology are threatening development, especially in the Global South.

  2. [INTERNATIONAL] 5 sources
    India warns UN that distant wars drive global economic instability

    India and developing nations warned the UN that distant wars in Ukraine and the Middle East are driving up global food and energy costs and disrupting critical supply chains.

Sources

africaglobalvillage.com · areyoupop.com · bhaskarlive.in · diarioelzondasj.com.ar · newindianexpress.com · press.un.org · socialnews.xyz