Us Election Effect On Indian Economy
From more relaxed visa norms to a more liberal trade policy and from lower crude oil prices to help in dealing with climate change there is much that a biden presidency can offer india.
Us election effect on indian economy. But so far despite the heavily publicised howdy modi and namaste trump galas no deal has surfaced. President trump rose to prominence in 2016 by promising to put america first. Generally based on the public sentiment the election results have had a positive impact on the indian economy in the last 10 15 years.
Another notable point is that the impact of the elections does not last long and the structural trend in the market tends to take over in indian stock markets. How a joe biden presidency may impact india s economy us election results 2020. Presidential election outcomes on the indian economy the two key issues to look at are trade and investment and immigration.
Stimulus hopes put on hold until after election as senate leaves. In november 2012 while the sensex. India retaliated with tariffs of its own on us products.
There were several large trade deals that the united states withdrew from as trump prefers bilateral. A full blown tit for tat trade war was narrowly avoided when trade representatives from both sides sat down to hammer out a trade deal. Isolationist policies will hurt india trump s vision of a great america is regressive and outdated.
The indian economy is essentially domestic in nature but the. Stay focused on earnings us election has little effect on indian market 28 oct 2020 11 54am ist the us election event is very big but other than a little bit of volatility in india people will keep focussing on what is happening in terms of flows and earnings says hemang jani. This election will have consequences for the indian economy including how trade is viewed in the us as well as employment in a growing arena.
Us presidential elections and its impact on indian markets the elections will be held today and the results declared on the 9th.