Budget Critique: Dollar Dominance Challenged as World Moves Toward Multipolar Order

The speaker argues that the global order is undergoing a major shift, with the dominance of the US dollar and American supremacy increasingly being challenged. The world, he suggests, is moving from a unipolar system to a more unstable and unpredictable multipolar one. At the center of this transformation is Artificial Intelligence (AI), which is set to disrupt economies, industries, and employment patterns — particularly India’s IT sector. He warns that AI could significantly impact software engineering jobs, a cornerstone of India’s economic growth. In this turbulent global environment, the speaker emphasizes that India must recognize and protect its core strengths. The first and most important strength is its people — 1.4 billion dynamic citizens who also generate vast amounts of data. In the AI-driven world, data is described as the “fuel” powering technological advancement, making India one of the largest and most valuable data pools globally. The second strength is food security, ensured by farmers and laborers, and the third is energy security, essential for sustaining a modern economy. While acknowledging that the budget notes rising geopolitical tensions and the weaponization of finance and energy, the speaker criticizes it for lacking concrete measures to safeguard India’s data, food, and energy interests in this evolving global landscape.

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