"Given his 'America First' approach to trade policy, a Trump victory might have a big effect on the Indian market. Increased tariffs and protectionism could result from this, which could hurt India's exports to the US. Furthermore, a Trump government may be less enthusiastic about the commercial connection between the US and India, which might have an impact on collaboration and investment in fields like technology and defense," said Pravesh Gour, Senior Technical Analyst at Swastika Investmart Ltd.
However, a Trump victory might also result in more energy cooperation, especially given India's expanding energy requirements. The details of Trump's policy and India's response will determine the overall effect.
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