Sibal also criticised the administration for a perceived lack of long-term planning and foresight regarding India's heavy import dependency and potential supply vulnerabilities in the face of geopolitical instability.
Geopolitical instability has emerged as the biggest future risk for India Inc., with nearly 50 per cent of CXOs ranking it as the most severe threat over the next five years, according to a report 'The Global Risk Atlas - New Realities' by MGC Global Risk Advisory.
Speaking to reporters, Sule said, "Whatever is happening in the world is a matter of concern. Things are being said about de-escalation by MEA, PM Modi and President Trump. The geopolitical instability is very stressful... Every war has international repercussions."
Over 93 per cent of cybersecurity experts and 86 per cent of business leaders believe "a far-reaching, catastrophic cyber event" is likely in the next two years and there is a critical skills gap that is threatening societies and key infrastructures.
The survey said business leaders, who are chief experience officers (CXOs), in India are confident that Budget 2023-24 will help fuel economic growth across sectors and industries, amid a potential global slowdown and geopolitical instability.
Beijing [China], July 15 (ANI): China often violates the territorial waters of countries in the East China and South China Seas and its military expansionism may lead to geopolitical instability in the region.