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Speaking at the conclave, themed “Seeking prosperity in turbulent times”, the minister noted that the very foundations of the global order are undergoing a structural transformation, with trade flows, alliances and financial systems being reshaped by geopolitical shifts.

Stating that the present is ‘turbulent’, in some sense, would be to understate the scale of the challenge at hand, the minister said, adding that omnipresent uncertainty has become the new norm.

“The international order is morphing. Trade flows are being reshaped, alliances are being tested, investments are being rerouted along geopolitical lines, and shared commitments are being re-examined,” Sitharaman noted.

Reflecting on the contours of multi-polarity, the minister said the global dominance of one powe

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