The US treasury secretary’s goal to visit India has come at a time when Russia’s offensive in Ukraine is putting Europe and the West on the edge, and a tussle for economic supremacy with China threatening to turn ugly
On her visit to India, Janet Yellen went to Microsoft’s research facility on the outskirts of New Delhi, where she met some of the country’s leaders in the technology sector and addressed a press conference with Indian Finance Minister Nirmala Sitharaman.
Meaning, the US would rather engage with friendly countries in this respect, so as to avoid disruptions. For too long, countries around the world have been overly dependent on risky countries or a single source for critical inputs,Apple’s recent announcement that its consumers will have to wait for a longer period of time to get their hands on the latest iPhone models due to the imposition of Covid-19 restrictions on a contractor’s factory in central China offers crucial insights.
The US’s push to have India act as a counterweight to China comes from New Delhi’s tense relations with Beijing, who were as early as last year involved in a border skirmish that was feared to escalate into a full-fledged war. Plus, India’s economic potential makes it a natural rival to China’s growing influence in the region.
She said Russia had previously been a long-time, reliable energy partner. “But for the better part of this year, Putin has weaponised Russia’s natural gas supply against the people of Europe,” she said.interpreted the visit as yet another attempt by the Biden administration in the US to overlook India’s decades-old ties with Russia.
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