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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.
هذه القصة مأخوذة من طبعة November 04, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة November 04, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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India must make itself quantum secure: Chowdhry
\"A lot of the early users have started thinking ahead of time and begun working on quantum computers so that they can actually learn how to do it. They do not replace classical computers, which will continue to be used for novel applications\"
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Tuhin Kanta Pandey: Market's new watchman
The Appointments Committee of the Cabinet, chaired by Prime Minister Narendra Modi, on Thursday approved appointment of Tuhin Kanta Pandey (pictured) as Securities and Exchange Board of India (Sebi) chairman for three years.
Long haul ahead for growth
There was little doubt that India's gross domestic product (GDP) would see an improvement in Q3FY25 on the back of festive demand.
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Lower tariffs can spur 7% growth, boost competitiveness: NITI's V-C
Big ideas take centre stage on concluding day of BS thought summit, as bureaucrats, corporate leaders, and startup pioneers converge
Maha bet on Mumbai as AI hub to rival southern citadels
The Maharashtra government is positioning Mumbai as an artificial intelligence (AI) hub, a significant move to compensate for the missed opportunity of establishing a vibrant startup ecosystem in the state, akin to Bengaluru and Hyderabad.
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Tencent Fires Up AI Race With Hunyuan Turbo S
Claims it replies faster than DeepSeek R1
Growth picks up to 6.2% in Q3; FY25 projection now 6.5%
Consumer spending strengthens, agri shines; past data revised
Benchmark indices tumble 2% after fresh US tariff shocker
Benchmark equity indices plunged nearly 2 per cent on Friday, marking their steepest single-day drop in more than four months.
Apple Launches 'Age Assurance' Tech
Apple on Thursday said it will introduce a way for parents to share the age of a child with app developers without revealing sensitive information such as birthdays or government identification numbers.
Stocks slump, dollar towers as Trump tariffs ruffle markets
Equities slumped across Asia on Friday and the US dollar hovered near multi-week highs against the currencies of the country's top trading partners as concerns about an escalating global trade war soured market sentiment.