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EAM Dr. S. Jaishankar decodes global economic power shifts

Currently, global economic models vary: the US emphasises private enterprise, China adopts a state-controlled approach, while Europe and India follow distinct paths. Although large corporations have long influenced the economy, today a few tech companies wield unprecedented power. Trade concerns have intensified, encompassing production concentration, supply chain fragility, and dependence on single markets: MEA Dr S Jaishankar, while addressing the Kautilya Economic Conclave 2025

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