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‘Not Middle Power, but Power in the Middle’: EAM S Jaishankar on India's Global Position

Jaishankar said India should shape its own policies as a $4 trillion economy and a country with major growth ahead.

  • On Wednesday, Foreign Minister S. Jaishankar rejected the "middle power" label for India at the Bloomberg New Economy Forum in New Delhi, arguing the term is too limiting given India's $4 trillion GDP.
  • Jaishankar characterized the global order as a world of "choke points," where nations weaponize finance and the US dollar, requiring countries to define their own interests independently before negotiating arrangements.
  • Addressing ties with Moscow, Jaishankar described India as a "natural option" for Russia, citing steady relations over eight decades, while also noting trade imbalances and market access difficulties with China.
  • During the forum, Jaishankar discussed these geopolitical dynamics with Canadian Foreign Minister Anita Anand, former Australian Prime Minister Kevin Rudd, and former Prime Minister Rishi Sunak, examining the changing landscape.
  • Future competition will depend on what countries offer one another, Jaishankar predicted, as he urged against pessimism and advocated for nations to effectively manage the evolving global order.
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Moneycontrol broke the news in Mumbai, India on Wednesday, October 14, 2026.
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