The US President hold immense power and their decisions can impact economies around the world, including India. The 2024 election results could change US economic policies, directly affecting Indian exports and investments.
While experts believe election results will have an immediate effect on the Indian stock market it will soon settle down after a few months. Now the question is which candidate will be better for India’s trade relations.
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Despite being good friends with the Indian Prime Minister Narendra Modi, Donald Trump has made his intentions clear of raising tariffs on Indian goods after he comes into power.
Moreover, Trump’s strict immigration policies will limit the job opportunities for the Indian community. But what about his rival Kamala Harris?
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The Indian-American presidential nominee might look to build strong diplomatic bond resulting in a better trade relations. Thus, Kamala Harris’ policies will lead to a stable Indian economy as compared to Trump’s “America First” approach.
However, it’s important for India to stay proactive, no matter who wins. We should be ready to work with the new president to protect its interests in this changing global landscape.
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