External Affairs Minister S Jaishankar has said that India, as the world's fifth-largest economy, must necessarily develop a broad and diverse set of energy relationships. After decades of hearing the virtues of globalisation, the world today is grappling with the reality of industrial policies, export controls and tariff wars, Jaishankar further said at a Business Today event here on Saturday.

Ensuring a favourable energy environment for coming decades is understandably one of India's key diplomatic objectives, he said. Beyond fossil fuels, it extends to developing and deploying renewables on a large scale as well as exploring the potential of small modular reactors, the EAM added. 'The fifth biggest economy of the world must necessarily develop a broad and diverse set of energy relationships,' Jaishankar said.