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Home » Transcript: EAM Jaishankar at WLF 2025: From Pakistan, China, US to Russia

Transcript: EAM Jaishankar at WLF 2025: From Pakistan, China, US to Russia

Read the full transcript of India’s External Affairs Minister, Dr. S. Jaishankar’s fireside chat titled ‘Diplomacy in a Multipolar World: The India Way’ at WLF 2025, with Pranab Dhal Samanta, Executive Editor, The Economic Times.

Opening Remarks on Global Complexities

INTERVIEWER: Good morning, Dr. Jaishankar. Always a pleasure to have you. Our guest here needs no introduction, so I’m not going to waste much time. Troubled days, tough playing conditions.

DR. S. JAISHANKAR: So is that a question or an observation?

INTERVIEWER: A question.

DR. S. JAISHANKAR: Well, things are a little complicated because I think there are a lot of changes on a lot of accounts, some very important ones. And it isn’t specific to us. I think that’s the state of the world. If you go anywhere in the world and ask probably any foreign minister, they probably give you the same answer.

Reflecting on 25 Years of India-US Relations

INTERVIEWER: It’s true. But we all have been so focused on the US conversation, sort of taken over everything else and a lot of the mind space. Now we all are fondly remembering those days when the reset happened. We are talking about at least two and a half decades of work. You were at the start. How do you feel today?

DR. S. JAISHANKAR: Well, look, I always maintained that what has been happening for the last 25 years – I mean, I would even in my writings or other occasions, I really sort of identified probably Clinton’s visit as the major inflection point. Then the nuclear deal as the next one. Then probably PM Modi’s visit in 2014 as the next one. So we’ve had developments.

I would say the overall trend has always been net positive. It’s not like we have not had issues with the US. We’ve had. I mean, I remember for example, a lot of pressures we got on Pakistan during the George Bush time at the very time when nuclear deal was also being negotiated. So there have been issues. There were issues even with China during Obama’s time, there was this whole idea of a G2.

So what happens with the passage of time? Everything looks smooth and nice and you think this was preordained and it was going to happen. The reality is it’s always relations, particularly with big countries who have multiple stakes and we ourselves today are a big country also with multiple relations. They are bound to have areas where you work together and areas where you argue with each other. That’s the nature of it.

I think the key would be to say, okay, at the end of it all, overall, are you ahead? And that’s been largely the trend. So, yes, right now, I think there are issues. It’s pretty open, but I would not say, therefore, other parts of the relationship where the convergences are strong and things are moving – that’s not there. That is very much there.

Trump’s Unprecedented Public Diplomacy

INTERVIEWER: But you’ve not had a US President come down so hard on India publicly and also his key advisers, and then slapping you with tariffs and now national security tariffs at the same time, when we have a strategic relationship. I mean, we need to explain this or understand this for the audience also.

DR. S. JAISHANKAR: Well, we’ve not had a US President who’s conducted foreign policy as publicly as the current one. That itself is a departure that’s not limited to India. In fact, for that matter, who has not conducted domestic policies as publicly as this one, too.

So I think we got to understand, before I come to India-US, that President Trump’s way of dealing with the world, even dealing with his own country, is a very major departure from the traditional, orthodox manner of doing so.

I’m just giving you some examples. The application of tariff in this manner, even for trade, is novel. The application of tariffs on non-trade issues is even more so. The fact that a lot of this is said in public, often the first pronouncement is in public, is even more unusual.

So this is a situation which the entire world is facing now. Where we are concerned, I think we have at this moment three issues. First of all, trade. And I think in my mind that’s really the major issue in terms of the negotiations which are underway. Negotiations are still going on. But the bottom line is we have some red lines.

Defending India’s Red Lines

INTERVIEWER: Negotiations are still going on because we heard the team is not coming.

DR. S. JAISHANKAR: No, look, I mean, negotiations are still going on in the sense that nobody said the negotiations are off. People do talk to each other. It’s not like there’s a complete break there.

So look, there is a – what happens is we have red lines in the negotiations. We have to be clear as to red lines by definition are lines to be maintained and defended. Keeping that in mind, see what we get.

And frankly, where we are concerned, the red lines are primarily the interests of our farmers and to some extent, of our small producers. So when people pronounce that we have succeeded or failed or where are you, the bottom line is – my counter question is we as a government are committed to defend the interests of our farmers and our small producers. We are very determined on that. That’s not something which we can compromise on.

So anybody who thinks that, who criticizes what we are doing, my counter question is, are you therefore willing to compromise on those interests? Because I’m not.

The Oil Issue: Exposing Double Standards

The second issue is being presented as an oil issue. But why I say it’s being presented is because the same arguments which have been used to target India have not been used to, have not been applied to the largest oil importer, which is China, has not been applied to the largest LNG importer, which is the European Union.

And when people say we are funding the war or putting money in the coffers of Putin, India-European Union trade is bigger than India-Russia trade.