Pune (Maharashtra) [India], Feb 23 (ANI): External Affairs Minister (EAM) Jaishankar Jaishankar said on Thursday that every time we look at a screen, we are learning something, but others are also learning something about us. Even if we just look at the screen, our habits, likes and dislikes, needs and preferences are captured.
EAM said there is a need to ensure that amenities do not become India’s weakness.
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EAM Jaishankar, speaking at the ‘G-20 Summit of Thinkers’ at Symbiosis International Deemed University in Pune, said the world economy is struggling to cope with the impact of the pandemic.
EAM says we haven’t fully realized how much the digital age has changed our lives.
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“It changes our lives because every time we look at a screen; we are learning something, but other people are also learning about us. Even when we are just looking at a screen, our habits, likes and dislikes, demands and preferences are Capture the screen,” he said.
EAM says this is a serious deadly issue and asks how power between nations will be determined for generations to come.
“Centuries ago, it was about wealth, military power and gold, and some people said it was oil. Data is the new oil. That means, every digital transaction contributes to artificial intelligence, contributes to the creation of capabilities , which will determine the balance of power between countries,” he said.
The greatest challenge facing any digital domain today is data security and data privacy. How is it pushed down, who sees our data, who monitors our data, who exploits our data, what power do they have over you? he asks.
“We need more reliable and resilient supply chains for commodities, and more trusted and transparent practices in the digital world to ensure privacy-respecting data. We must ensure that the convenience of life does not become a factor,” Jaishankar said. : “This is a weakness for each of us, especially our country. ”
In his speech, he said that the G20 is a gathering of the 20 largest economies in the world and India has the honor to hold the chair since December last year.
EAM Jaishankar said that the G20 is obvious, 85% of the world’s GSP, 2/3 of the world’s population, and 75% of the world’s trade are well known.
“In today’s very divided, polarized and ineffective multilateral world, it (the G20) is the most important international platform. Sharing responsibility is a big thing. It’s not just a collection of 20 countries, but a very important place in international relations. Difficult times, this is a very special responsibility. What India can do, it will do in this year, and it will have a big impact on world politics,” he said.
While pointing to the conflict between Russia and Ukraine, he said that the world is in a very difficult state.
“The world has also seen the consequences of this conflict in the last year. We have seen energy and food crises more than double, and access to food, fertilizer and fuel has become difficult for some countries,” he added.
“When we say the world is tough, it’s not an exaggeration but an understatement,” EAM said.
Jaishankar mentioned COVID as the second reason why the world is in a difficult state.
Every corner of the world has been profoundly affected by the pandemic. There is no society that has not lost loved ones, no family that has not been affected. The socioeconomic cost of the pandemic is so great that the world is trying to absorb its effects.
When the 2020 pandemic began, global supply chains and trade were affected in every corner of the world. This has left lasting scars on the global economy. It made us wonder if we were overly dependent on a particular geography of a country and if our supply chains were resilient.
He mentioned that no company in the world can survive on a single supply. However, the world economy has slipped into that position. Creating more resilient and reliable supply chains and diversifying global production is critical. And it’s not just in economics; it’s in health security as well. The pandemic has raised a host of questions.
The foreign minister said the world already had a lot of problems before the pandemic. COVID and the Ukraine conflict made things worse. Many countries are already struggling with the globalization paradigm.
“Many companies are finding that their economies are being affected by the dumping of goods from abroad on a scale that makes them unable to compete. The world is already in trouble and having to deal with these issues. It’s all layered on top of each other. The layers are coming together at the G20 creates a certain level of stress in the environment,” he added. (Arnie)
(This is an unedited and auto-generated story from a Syndicated News feed, the content body may not have been modified or edited by LatestLY staff)