Foreign Minister Subrahmanyam Jaishankar, commenting on Donald Trump’s stunning victory in the US presidential election, said on Saturday that the result reflected the growing dissatisfaction of the American electorate with the effects of globalization.

Speaking at the Hindustan Times Leadership Summit, S Jaishankar noted that the US verdict highlighted the undercurrents of disenchantment among voters who feel left behind by global economic and social changes. “If the American political verdict is interpreted, it reflects the disenchantment and unhappiness of the electorate with the impact of globalization on them,” Jaishankar said while interacting with Editor-in-Chief R Sukumar.

Jaishankar added that when globalization is discussed, China must be mentioned as it has been the biggest beneficiary of globalization. He pointed out that in the last 25 years, a certain model of globalization has been adopted, and it was the Clinton administration that accepted this model in the first place.

“The US dilemma is not unique and many other countries, including India, are facing a similar dilemma,” EAM said.

Jaishankar added that many of India’s challenges, whether related to trade, the FTA or China, are no different from those faced by other nations. While they may not be identical, they are certainly not different.

About the Trump administration

Jaishankar said the United States will become more self-aware under the Donald Trump administration regarding its economic and manufacturing interests because the nature of technology is linked to national security.

“Today, technology and national security cannot be compartmentalized, and this is part of the digital revolution and AI,” Jaishankar told HTLS.

He also said that despite being a global power, the US still needs global partners and cannot do everything by itself.

Jaishankar also said that the world is looking at India’s political stability, especially in a time of political instability. He added that in today’s democratic countries, it is not easy to be re-elected, and to be re-elected twice is a very big problem.

Jaishankar said that the world is looking at India economically as it is a challenge for countries to maintain a growth rate of 7-8% and stay in that zone. He added that there is a lot of enthusiasm for business and investment in India today.