India, Nov. 14 -- The new world order taking shape will be more multipolar and transactional, with more centres of autonomous decision-making, thereby making it more unstable and setting the stage for sharper competition, External Affairs Minister S Jaishankar said on Saturday.

Speaking at the 24th Hindustan Times Leadership Summit, Jaishankar said this new order is taking shape at a time when the world is navigating "very stormy seas" because of multiple conflicts, including those in Ukraine and West Asia, the grim situation in parts of Africa, and disruptions and volatility in food and fuel supplies.

"The general acceptance is that the new order would be more multipolar, that there'd be many more centres of autonomous decision-making....