MUMBAI, Oct 13 (Reuters) - India's finance minister
expressed concern on Thursday that a growing populist backlash
against globalisation and free trade could have an adverse
impact on the world economy.
Addressing a gathering of finance officials of the BRICS
group of emerging nations, Arun Jaitley singled out Britain's
vote to leave the European Union, as well as an aggressive
campaign against trade deals in the U.S. presidential election.
"Part of the developed world is moving towards
protectionism," Jaitley said. "If developing countries see a
trend of protectionism, the spillover impact on the policies in
other parts of the world would be adverse."
Britain's vote and Donald Trump's championing of "America
First" are seen as a part of a growing populist backlash against
globalization which critics have worsened income and social
(Reporting by Rafael Nam; Writing by Rajesh Kumar Singh)