India to benefit from US, China decoupling: Gautam Adani tells Davos summit

Countries seeking their own form of self-reliance, says billionaire in reference to India's Atmanirbharta campaign of economic independence

Dev Chatterjee Mumbai

From left to right - Ashish Rajvanshi, Sudipta Bhattacharya, Gautam Adani & Jeet Adani

The decoupling of trading giants the United States and China is a huge opportunity for India to become a powerful force in the global supply chain, said billionaire Gautam Adani in Davos.
The chairman of the Adani Group said in a blog post that due to geo-economic fragmentation and weaponisation of economic policies, the world is witnessing the "Great Fracture" (a term coined by the UN Secretary-General). The tension between China and the US has knock-on global consequences and it has severely diluted economic globalisation.
Adani said no one would have imagined that the world would change so drastically in a short time that the World Economic Forum (WEF) would shift from discussing ‘Globalization 4.0’ at Davos 2019 to discussing ‘Cooperation in a Fragmented World’ in Davos 2023.

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First Published: Jan 20 2023 | 5:28 PM IST

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