India Doesn't Target U.S. Dollar, Focuses On Expanding Trade Alternatives: Jaishankar

India is actively expanding international trade in its domestic currency with several partners, including Russia, but avoiding the use of the US dollar is not part of the country's economic strategy, according to External Affairs Minister S. Jaishankar. Speaking at the Carnegie Endowment for International Peace in Washington, Jaishankar clarified that while US policies can complicate trade with certain nations, India’s focus is on securing its trade interests by finding “workarounds.” He emphasized that India is not targeting the US dollar in its economic or strategic policies, unlike some other countries. Instead, India is addressing the challenge of trading with partners who face dollar shortages by exploring alternative settlement methods. Jaishankar also noted that as the world becomes more multipolar, it will eventually be reflected in currencies and global economic transactions.