"India with a GDP of $4 trillion plus growing at 7% for the foreseeable future has an obvious need for large resources from dependable sources. In some cases, it could be assured supplies of essential products, fertilizer, chemicals, machinery being good examples. Its rapidly growing infrastructure offers business openings to enterprises with an established track record in their own country," the Indian diplomat said.
These lessons include the need for dependable and stable partners, shorter and more secure supply chains, and concerns about over-dependence on a limited number of markets and overexposure to a few suppliers, he said.
Jaishankar also flagged challenges related to narrow connectivity and costs of insufficient researching for new business opportunities.