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India is Leading the World | Palki Sharma Upadhyay | Palki Sharma | VidyaDaan | WOX NEWS — Transcript

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0:03We are a startup nation. We are a space
0:06power
0:08and we are a voice of the global south.
0:12A country that negotiates with
0:14Washington,
0:16trades with Moscow, competes with China,
0:26bills with Tokyo and still finds time to
0:29send mangoes to West Asia.
0:36New India does not ask for a seat at the
0:38table. We build the table and tell the
0:41world to join.
0:47And whatever I've said so far is not
0:49rhetoric.
0:51It is our reality which is reflected in
0:54our numbers.
0:57And I'm a big fan of storytelling with
0:59numbers.
1:01Last quarter, our GDP grew at 7.8%.
1:06[Applause]
1:10And this happened at a time when the US
1:12is staring at a slowdown. You must have
1:15seen the latest Fitch report.
1:19It also happened at a time when Europe
1:21is flirting with recession. When China
1:25is struggling with the weight of its
1:27debt burden,
1:29India is running.
1:31[Applause]
1:36Last month, UPI crossed 20 billion
1:39transactions. Total value more than 24
1:42lakh cr rupees.
1:46It's a world record and we are far from
1:48done.
1:52India is the world's fourth largest
1:54economy
1:55on course to becoming the third largest
1:57by 2027 behind just US and China ahead
2:00of Germany and Japan.
2:04And our story, ladies and gentlemen, is
2:06not just about size.
2:09It is about scale,
2:12scope, and speed.
2:16Our digital economy is exploding.
2:20Our space mission
2:22is landing near the south pole of the
2:24moon.
2:26Our startups are valued in billions. We
2:28have more than 100 unicorns now in our
2:30country.
2:32Our
2:34diaspora remittances crossed $135
2:37billion last year, the highest in the
2:40world.
2:43This is New India.
2:46A country once written off as a basket
2:48case is today called a bright spot in
2:52the global economy.
2:59So what makes New India tick?
3:05I can think of five D's.
3:09My first D is demography.
3:12Half our population is under 30 years of
3:14age.
3:16Yes, they spend too much time on
3:18Instagram
3:21and they also want a promotion in the
3:24first month in office.
3:26[Applause]
3:27But they're ambitious.
3:30They're unafraid.
3:32They're entrepreneurial.
3:34They are hungry to make a mark. And that
3:36is our strength that we must celebrate.
3:40[Applause]
3:43My second D is democracy.
3:47In a world that is drifting towards
3:49authoritarianism,
3:51India stands out.
3:54We are very chaotic. We argue, we
3:56disagree, we protest, we vote.
3:59But we move on. We've always had a
4:01peaceful transition of power.
4:06And sometimes it feels like
4:09democracy is slowing us down.
4:14But we must remember that democracy is
4:16also what saves us. It is what makes us
4:18who we are. A noisy, chaotic family of
4:221.4 billion people.
4:25[Applause]
4:28The third D on my list is diversity.
4:3322 official languages,
4:36hundreds of dialects
4:39and every religion under the sun.
4:45India is not a melting pot.
4:48We are a very big thali
4:52where every dish retains its unique
4:55taste and together it makes a meal.
4:59The fourth D is digital power.
5:02From Aadhaar to UPI,
5:05India is building a digital public
5:08infrastructure at scale.
5:11We have shown
5:13that technology can deliver inclusion
5:15and in such large numbers.
5:20My fifth D is diaspora. 35 million
5:23Indians abroad, policy makers, CEOs of
5:27global giants,
5:29doctors, engineers, entrepreneurs.
5:34They are India's brand ambassadors.
5:37No PR agency can match them.
5:41Now if you put these 5Ds together,
5:43demography, democracy, diversity,
5:47digital power, diaspora,
5:52what you get is a country that is not
5:54just a regional player. It is a global
5:56power.
6:01Not just a market,
6:04but a shaper of rules.
6:07Not just a voice,
6:09but an agenda setter.
6:16But we cannot operate in isolation. So
6:18we have to step out of our borders, look
6:19at our neighborhood
6:22and look at our world.
6:26Our world is changing fast,
6:28unpredictably, and often chaotically.
6:34American uniolarity is over.
6:38Chinese ascendancy is facing headwinds.
6:41Europe is struggling for relevance.
6:45Russia is gambling with aggression.
6:50West Asia remains a powder keg.
6:56Africa is demanding long overdue
6:58attention.
6:59Latin America is looking for partners.
7:03The institutions created after the
7:05Second World War are showing their age.
7:08Today, the United Nations Security
7:09Council does not reflect the realities
7:12of 2025. It reflects the realities of
7:151945.
7:16[Applause]
7:23The World Trade Organization is
7:24struggling to function.
7:26The IMF and the World Bank face
7:30questions of legitimacy.
7:33Technology is redrawing power maps
7:36faster than diplomats can update their
7:38talking points.
7:41Artificial intelligence,
7:43quantum computing, biotechnology, these
7:46are not buzzwords.
7:49These are the new currencies of global
7:51influence.
7:53Climate change, it does not respect
7:56national borders. It does not respect
7:58protocol.
8:00It creates new vulnerabilities, new
8:03conflicts, new migration patterns.
8:06And everywhere
8:08nationalism is resurgent, not always in
8:10the best way.
8:14The promise of borderless globalization
8:16has given way to strategic patriotism.
8:22This is not a stable world order.
8:26This is a world in transition
8:29where rules are being rewritten, power
8:31is being redistributed
8:34and alliances are being reconsidered.
8:39And for decades, India was a recipient
8:41of these changes. We adapted to what the
8:45world decided and did.
8:49But today we have the opportunity. And
8:52why just opportunity? I would say today
8:54we have the responsibility
8:56to shape our world ourselves.
9:03So the question is how do we do that?
9:06We do it with a domestic policy that
9:09does justice to our talent and our
9:11aspirations
9:14and a foreign policy that is bold, agile
9:19and unapologetic.
9:21[Applause]
9:28Look at the G20 in Delhi. India was the
9:31chair last year. We put the global south
9:35at the center of the conversation.
9:38Look at bricks. Look at the quad. Look
9:41at the SEO.
9:44India is part of all these clubs.
9:49Sometimes competing,
9:52sometimes cooperating,
9:54always balancing and always
9:56consequential.
10:00And and
10:06we engage with everyone, but we depend
10:10on no one.
10:17And our biggest commitment
10:20is to our national interest
10:22[Applause]
10:27and it's not easy to walk this path
10:31especially in a neighborhood as
10:32difficult as ours. I would say South
10:34Asia is one of the most volatile regions
10:36in the world today. Look at the past
10:38three years. coup in Myanmar,
10:41economic collapse in Sri Lanka, radical
10:44takeover in Bang Bangladesh and I'm sure
10:46you followed what happened in Nepal this
10:48week.
10:52Nepal is our clo closest closest
10:54neighbor and closest oldest
10:55civilizational partner.
10:59This week it was in turmoil.
11:02The government tried to ban social
11:03media. Gen Z hit the streets.
11:07Dozens of people died. Protesters
11:09clashed with the police. The prime
11:10minister had to resign. Now they have an
11:12interim government in place. Social
11:13media has been restored.
11:18But Nepal's fault lines
11:21have not been addressed.
11:24They've not been repaired.
11:27And for India, this these stories are
11:29not abstracts. They have real
11:31consequences for us.
11:35security, trade, refugees.
11:40To our west, we have a terrorist state
11:42called Pakistan.
11:45[Applause]
11:48First time I'm hearing people cheering
11:49for Pakistan.
11:52[Applause]
11:55We have Afghanistan that is ruled by the
11:57Taliban
11:59and we have China which remains our
12:00biggest challenge. I think the
12:02handshakes in Tanjin will not change
12:05China's DNA. We must remember that
12:12our friendship may be framed on paper,
12:15India and China,
12:18but the reality is steel and barbed wire
12:21along the LAC. And we must remember that
12:25China wants Asia for itself. India says
12:28there's room for all of us to grow. And
12:30that contest
12:32will define this century.
12:38And what makes life even more
12:40complicated
12:42is the uncertainty around us. I've
12:44recently learned a new term called vaua.
12:46Have you heard of vaua? Vu ca.
12:51V for vulnerability, U for uncertainty,
12:54C for complexity, and A for ambiguity.
12:57They say we live in a vaua world. That's
12:59buouka for you. In America, they have a
13:02different name for it. It's Donald
13:04Trump.
13:05[Applause]
13:16His tariffs have singlehandedly
13:18destabilized the world.
13:22He believes, I think he truly believes
13:24that it's a magic wand,
13:26but it's prone to be a wrecking ball.
13:28And no one's telling him that
13:31he wants to sell us corn and dairy and
13:33he wants us to stop buying Russian oil.
13:38So what has India done?
13:41We continue talking. We pursue a deal
13:45but we insist on a deal that works for
13:48both of us.
13:52Again, that's new India for you. We
13:53stand our ground.
13:56[Applause]
14:01But the larger point I'm making is this
14:04that our world is messy
14:07and our neighborhood is chaotic
14:10and it is in this setting that India
14:13must maintain its momentum.
14:19Plus we have our own challenges.
14:23Challenges that we cannot afford to
14:24ignore. I will not sugarcoat reality for
14:26you. I'm sure you did not call me here
14:28to offer comfortable platitudes.
14:34It's important that we do an honest
14:36assessment.
14:38If we are to grow, we must understand
14:41our strengths and our limitations with
14:44unflinching clarity.
14:49Because opportunity does not
14:50automatically translate into achievement
14:54and potential does not guarantee
14:56performance. We have to work towards it.
15:01So I have a list of challenges too. I
15:03think our biggest challenge today is
15:04jobs. We have millions of people
15:06entering their most productive years.
15:09Millions of people entering the
15:10workforce or the job market every year.
15:14We talked about demographics and we like
15:17to think of that as a dividend
15:19but it can also be a disaster.
15:24It depends entirely on what we do with
15:26our human potential.
15:30Our growth is strong that is undeniable.
15:34But manufacturing jobs are not and
15:36services cannot absorb everyone.
15:38[Applause]
15:42There's been an aggressive push to make
15:44in India. It has delivered on a lot of
15:45counts. But as things stand even today,
15:49we still risk skipping the industrial
15:51phase that creates mass employment.
15:56And this is linked to our second
15:58challenge which is human capital.
16:01You mentioned Sundar Pich. I did not
16:04understand Tamil but I got that.
16:09So at the top we have created
16:12sundar pichay and satyaadelas
16:16but at the bottom we've also left
16:19millions behind.
16:22The education gaps, the health gaps, the
16:24skill gaps, they're all real and they
16:26must be addressed urgently.
16:30Our third challenge is institutions.
16:33Do you know how many pending court cases
16:35we have in our country?
16:3850 million
16:4050 million. Our justice system is
16:43clogged
16:45in a digital world. Our bureaucracy is
16:48still moving at analog speed.
16:54And I don't want to take away from the
16:55efforts that have been made to boost
16:57efficiency.
17:00We have made leaps
17:03and yet
17:04we have regulations that create
17:07roadblocks rather than roads.
17:12The fourth challenge is social cohesion.
17:16Our diversity is a strength only if it
17:19is m maintained and managed well.
17:23But it's a vulnerability
17:26if it is exploited by vested interests.
17:30polarization, inequality, gender gaps.
17:33These are not social issues.
17:36These are strategic limitations
17:38on our national power.
17:42The fifth is environment. It is a
17:44challenge. It's a story that repeats
17:45every year. Delhi chokes. We are bracing
17:48for that season to come. Chennai floods.
17:51Farmers face
17:54droughts.
17:57Again, these are present constraints on
17:59our development.
18:01And the sixth and my favorite topic,
18:03unfortunately, is global perception.
18:08Old stereotypes still haunt us. We may
18:11have reached the moon, but the world is
18:12still talking about snake charmers, call
18:15centers, poverty, porn.
18:19The world often sees us through someone
18:20else's lens. And that narrative must
18:23change. And no one else is going to do
18:25it for us. We have to do it for
18:26ourselves. We have to take charge of our
18:28story
18:32[Applause]
18:34and all the challenges that I just
18:35listed are not reasons for despair.
18:38I think they should be reasons for
18:40determination.
18:42We have to be cleareyed if we want our
18:45vision
18:47to turn into reality.
18:51Thankfully for us,
18:53India also stands at a vantage point.
18:58The great supply chain reorganization is
19:01underway. I keep talking about it on my
19:03show. The pandemic and the politics that
19:06followed has taught the world the risks
19:08of overdependence on China. So companies
19:10are looking for other markets. They're
19:13relocating and India offers a compelling
19:16alternative.
19:18I think the best example is Apple.
19:22Apple is making iPhones in India. And
19:24this is not just an investment story.
19:27When one of the world's most valuable
19:29companies
19:32invests in India, builds in India,
19:36commits to India, then it's a message to
19:38the whole world.
19:40[Applause]
19:47Then we have energy transition. The
19:48world is talking about clean fuel and
19:50here India
19:52is poised to take the leadership role.
19:57Our renewable capacity is growing
20:00impressively. Tamil Nad again is a great
20:01example.
20:03Our potential for solar power is
20:05enormous
20:07and our ambitions for green hydrogen are
20:10substantial. I've already spoken about
20:12the digital transformation. Aadhaar,
20:14UPI, Digilocker. We built the pipes.
20:18Our technology talent is globally
20:19recognized. But what we need to focus on
20:21is tech sovereignity.
20:24We need to build our systems at home
20:28for ourselves and to share with the
20:30world. We can't just be creating a big
20:32market for Silicon Valley.
20:37And finally, global governance. India
20:39must take the lead here.
20:42[Applause]
20:44Like I said, international institutions
20:46are outdated.
20:48Our G20 presidency showed the world what
20:50is possible.
20:53We brought the African Union into the
20:55fold. In a divided world, India has
20:58emerged as a bridging power.
21:03And increasingly, the world has come to
21:04value this role. You see, countries
21:07across Africa, Latin America, Asia,
21:10they're looking for partners.
21:13They're not looking for powers that
21:15offer them binary choices.
21:21They want partners who respect their
21:24sovereignity,
21:25who share with them practical
21:27development models. And I think India's
21:28experience resonates with a lot of these
21:30countries much more than western models
21:32do.
21:36I would also like to add here that
21:37India's rise is responsible.
21:40I said that we our commitment is to
21:42national interest
21:46but we also fulfill our international
21:48responsibility and we showed that during
21:51the pandemic
21:53when vaccine nationalism was closing
21:55doors
21:57we launched vaccine metri
22:01[Applause]
22:04India sent vaccine doses and medical
22:07supplies to more than 100 countries
22:09Because our strategy was solidarity
22:14on climate, we co-founded the
22:16International Solar Alliance. More than
22:18100 countries are part of it. Again,
22:20this puts the global south at the heart
22:22of the energy transition.
22:26And then of course our digital public
22:28goods. Countries are increasingly
22:30learning from them and adopting them. So
22:33we don't just speak for the global
22:35south, we also build for it.
22:39And a big part of what we're building is
22:40strength including military strength.
22:45India is emerging as a defense exporter
22:50and
22:54we are offering the world systems which
22:56are affordable and reliable.

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