There is trend towards multipolar world but industrialised economies still prime investment targets, says Jaishankar

There is a trend towards a more diverse, multipolar world but older, industrialised economies have not gone away and remain prime investment targets, External Affairs Minister S Jaishankar said on Sunday.

Speaking at the silver jubilee celebrations of the Aditya Birla Group's Scholarships programme in Mumbai, Jaishankar said while a lot of countries are nervous about the US -- following the return of Donald Trump as President -- India is not one among them.

"Yes, there is a shift. We are ourselves an example of the shift... if you look at our economic weight, you look at our economic ranking, you look at even Indian corporates, their reach, their presence, Indian professionals, which I spoke about. So no question there is a rebalancing," Jaishankar said in response to a question on the reset in the global power dynamic that was playing out amid the shift in the balance of power from the west to the east.