Protectionism is expected to grow:
Protectionism around the globe, including the US, which is in election mode, is expected to grow as the world deals with the slowdown, but India needs to react only when legislation are converted into actual statute, commerce secretary Rahul Khullar said while releasing a Assocham report on doubling exports.
Singapore Wednesday raised grave concern over increasing protectionism in the Asia-Pacific Economic Cooperation economies, which if not stopped would put the grouping into a dangerous situation.