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
Denne historien er fra December 2024-utgaven av Outlook Money.
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Denne historien er fra December 2024-utgaven av Outlook Money.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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