Full Breakdown
Jaishankar Rejects “Middle Power” Tag, Calls India a “Power in the Middle” at Bloomberg New Economy Forum
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Core Event – Remarks at the Bloomberg New Economy Forum
On October 14, 2026, External Affairs Minister S. Jaishankar addressed a panel at the Bloomberg New Economy Forum in New Delhi. He said describing India as a “middle power” is “not a comfortable description” and offered “powers in the middle” as an alternative, linking the debate to emerging “choke points” in finance, sanctions and strategic resources.
Background & Context – India’s Quest for a Distinct Global Role
India, the world’s most populous country, has often been grouped with “middle powers.” Jaishankar’s comments reflect a desire to assert a status that matches its $4 trillion economy and demographic size.
Data & Statistics – Scale Behind the Argument
- Population: ~1.4 billion
- GDP: ~$4 trillion (Jaishankar’s estimate)
These figures underpin his claim that the “middle-power” label understates India’s capacity.
Why It Matters – Implications for Global Power Dynamics
Jaishankar warned that the emerging “world of choke points” lets countries weaponise control over critical minerals, supply-chain nodes and financial systems. He positioned India to leverage its market size and technological ambitions while urging others to develop independent policies.
Official Statements & Responses – Views from Other Panelists
- Rishi Sunak (former UK Prime Minister) called the gathering a “panel of middle powers” and suggested countries become “indispensable” by developing niche capabilities.
- Anita Anand (Canada’s foreign affairs minister) pledged responsible use of competitive advantages.
- Kevin Rudd (former Australian Prime Minister) and other participants stressed the need for “minilateral” cooperation among middle powers.
These remarks highlight a shared view that the binary US-China framework is giving way to a more fragmented, partnership-driven order.
Verbatim Quotes
- “More than a middle power, in a way, we are powers in the middle. What would really define a middle power? To use the Prime Minister's words, the countries who have the power to empower,” — S. Jaishankar
- “It's also today a world of choke points, and you know the tendency to weaponise. We tend to think of rare earths as an example, but the fact is even finance is a choke point. I mean sanctions are a choke point. I mean, people are weaponising their grip on finance or on the US dollar,” — S. Jaishankar
- “This is a panel of middle powers. Although Jai would say that India is definitely not a middle power.” — Rishi Sunak
Timeline
- October 13, 2026: Jaishankar opened remarks at the forum (reported by Hindustan Times and Moneycontrol).
- October 14, 2026: He delivered the “power in the middle” speech and responded to Sunak’s comment.
What’s Next – Anticipated Developments
Jaishankar indicated India will keep pursuing strategic autonomy while deepening ties with the United States, the European Union and other partners. He mentioned ongoing negotiations on a free-trade agreement with the EU, expected to enter force by late 2026 or early 2027. No further events were scheduled.