A Trump win in the November 2024 polls, experts believe, is likely to benefit Indian automotive, energy, and metal sectors while being neutral for the pharmaceutical space.
Business-wise, the US accounts for around 18 per cent of India's merchandise exports, with major export items including electronics, pearls and precious stones, pharmaceuticals, nuclear reactors, petroleum products, and, to a lesser extent, iron and steel, automotive products, and textiles.
India is also one of the world's top services exporters, particularly in information technology and professional services, to the US.
Should Trump win in November, inflation, according to Nigel Green, chief executive officer of deVere Group, a global consulting firm managing nearly $12 billion in assets, is expected to rise as trade policies lead to higher import costs. This, he believes, could prompt the US Federal Reserve (Fed) to adopt a less aggressive approach to rate cuts, as the central bank seeks to balance inflation control with economic growth.
This story is from the November 04, 2024 edition of Business Standard.
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This story is from the November 04, 2024 edition of Business Standard.
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