India, Sept. 29 -- India has warned the international community that global peace and prosperity are under threat, conversations are difficult and agreements even tougher, countries have extracted more from the international system than given to it, the world is frustrated and polarised, and reiterated that the only way out is urgently reforming multilateral institutions, particularly the United Nations (UN).

Presenting India's national statement at the high level segment of the 79th UN General Assembly in New York on Saturday, external affairs minister S Jaishankar critiqued not just the western-led global order but also, indirectly, hit out at China as he outlined the costs of dependence on a single geography for global production, unv...