New Delhi, Oct. 4 -- Highlighting that the adoption of state-backed industrial policy was initiated under US President Donald Trump and carried forward under his successor Joe Biden, External Affairs Minister S Jaishankar emphasised that fundamental shifts in American foreign policy are not merely temporary administrative behaviours, but deep-seated structural changes.

Speaking at the Munich Leaders Meeting on the long-term strategic trajectory of Washington, Jaishankar cautioned against viewing American policy changes solely through the lens of individual presidencies.

"On the question of the United States, some of it may be passing or may be limited to a particular administration. But there are deeper changes going on in the United St...