India sees an acceleration and disruption in the reordering of supply chains as an opportunity given the US election results, External Affairs Minister S Jaishankar said, reflecting on the impact of polls that saw Donald Trump is returning to the White House for a second term.

Jaishankar listed several consequences of Trump’s election as the US president, keeping in mind business and diplomatic relations with India.

First, there was already a reordering of supply chains taking place. Given yesterday’s US election results, this is very likely to accelerate. I will be very honest with you that some of this will be somewhat disruptive, but we in India see it as an opportunity because we missed the manufacturing bus in the 1990s, early 2000s,” Jaishankar said after meeting with CEOs and business leaders. in Sydney during an official visit to Australia.

He said that “there would be more geopolitical coverage, which will inevitably happen as a consequence of policies that we can safely predict – and many of us would seek more relationships (globally) to keep life stable “.

Jaishankar pointed out that the world will move to a much more integrated global workplace in the next few years. “Even the US under Donald Trump will make a distinction on immigration and mobility for them. Economically justified mobility will have to be promoted by those countries,” he said.

“The third is about the digital side and what has happened and will continue to happen. What has happened and will continue to intensify is about trust, and what accompanies the digital aspect of a product, service or technology will come under more scrutiny. Jaishankar said.

“Digital payment platforms, for example, would become, in a way, much more valuable, and which platform to use and with whom to share becomes an important question,” he added.

He said the fourth element of Trump’s victory was the mobility of talent and skills.

“Even if there is a deglobalization or a reworking of the current architecture, apart from the technological burdens, I think the demographic inequality of the world is starting to bite us so that there are economies where the demand would be high. In those countries, the talents. it may not be plentiful,” the foreign minister said.

Jaishankar pointed out that the Trump administration can draw a distinction between immigration and mobility.

“There will be economies where demand will be high, talent may not be abundant and it may be different in other places. So how do you create, manage and optimize a global workplace? The global workplace does not mean that talent alone must move businesses,” he said.

He said there are about 1,800 global capability centers in India which have generated experts worth about USD 150 billion.

(with inputs from ANI)