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
Esta historia es de la edición December 2024 de Outlook Money.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición December 2024 de Outlook Money.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Travel Now Pay Later (TNPL)
Travel now, pay later (TNPL) is a close cousin of the more popular buy now, pay later (BNPL) schemes.
How To Spend Wisely This Year-End
We all spend during the year-end. But the trick is not to overspend or borrow, either from friends, or your own investment, to fund your indulgence. Maintaining balance is the key
12 Books Devina Mehra Loved Reading In 2024
Listing books of her choice, among the ones she reads during the year, is ace investor Devina Mehra's favourite year-end activity. She says it's a daunting task to pick around 12 books from a list of 50.
STAY AHEAD OF AI-POWERED CYBER FRAUD
AI has become an integral part of our lives, right from customer service at banks to insurance claims. But it has now become a powerful arsenal for the fraudsters too who are increasingly using AI to scam individuals and corporations alike to commit fraud. The key is to stay vigilant
Here's How To Avail Of Ayushman Bharat Yojana
Launched in 2018, the Ayushman Bharat Yojana aimed to provide health coverage to targeted benefi ciaries from the Socio-Economic Caste Census (SECC) 2011, based on deprivation and occupational criteria.
'Focus On The Business, Assess If You Want To Be A Partner For 10-20 Years'
Professor Sanjay Bakshi, a value investor, behavioural economist and adjunct professor at Flame University, Pune, gives his unique perspective on how to choose a stock, in an interview with Nidhi Sinha, editor, Outlook Money, as part of the Wealth Wizards series. He also shares his learnings from role models Warren Buffett, Charlie Munger, Benjamin Graham and others, and how being a chartered accountant, economist, investor and teacher make him into what he is today. Edited excerpts from the interview
The New Trump Card For IT, Pharma
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
Travelling To Europe? Pack In The Essential Covers
Smart travellers must know that insurance is a must-have. From essential health coverage to theft protection and trip interruptions, know what you need for a worry-free Europe trip
European Sojourn
Tight on budget? Dump the popular European destinations for the little-known wonders that are equally attractive
Gold ETFs And FoFs
While Indians love to invest in physical gold, even mutual funds offer the option, but in paper format.
