The New Trump Card For IT, Pharma
Outlook Money|December 2024
Donald Trump has been re-elected as the 47th President of the US after a gap of four years. Here's how it will affect the Indian markets and how it will benefit sectors such as IT, pharma, export-oriented sectors and others
Kundan Kishore
The New Trump Card For IT, Pharma

The year 2024 has been a historic one in terms of elections, with 50 countries going to the polls. These included major economies, such as India, Russia, various European countries and the US, whose political outcomes have the potential to impact the global economy and influence policy decisions significantly.

One of the most charged elections in recent history was that of the US, where Republican candidate Donald Trump got re-elected by a resounding majority as the 47th President of the US after a gap of one term. Trump will be sworn in on January 20, 2025.

Different markets reacted differently to his victory in the November Presidential elections. In India, the equity market gave a loud cheer to Trump’s victory. Both the major indices, the Sensex and the Nifty, rose by 1.13 per cent and 1.12 per cent, respectively, on November 6, 2024. But some markets, such as China fell on the fear of trade tariffs.

Those were the initial reactions but Trump’s return to US presidency is poised to have a significant impact on the global markets, including India. His proposed policies on trade, taxation, energy, and immigration will influence global trade flows, foreign investments, and economic dynamics that extend to India's economy and equity markets.

Let’s understand the key proposed changes and their likely impact.

Big Picture Changes

Diese Geschichte stammt aus der December 2024-Ausgabe von Outlook Money.

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Diese Geschichte stammt aus der December 2024-Ausgabe von Outlook Money.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.