Finance Minister Nirmala Sitharaman Friday said the world is facing “profound imbalances” in trade and energy security, and is undergoing a structural transformation, with India standing out as a ‘stabilising force’ that can withstand external shocks.

Sitharaman said geopolitical conflicts are intensifying, and sanctions and tariffs are reshaping global supply chains. India must continue to remain vigilant, and there is no room for complacency, she said, speaking at Kautilya Economic Conclave 2025 here.

“Wars and strategic rivalries are redrawing the boundaries of cooperation and conflict. Alliances that once appeared solid are being tested, and new coalitions are emerging. For India, these dynamics highlight both vulnerability and resilience. Our capacity to absorb shocks is strong, whi

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