INDIA IS LIKELY TO BENEFIT FROM TRUMP POLICIES, SAYS RESEARCH FIRM NOMURA

'India as a relative beneficiary due to domestic demand-driven growth and benefits from lower commodity prices, supply chain shifts and foreign policy '

I'f Donald Trump wins US Presidential election it would be beneficial for India says a global market research by Nomura. The report says India is likely to benefit from Trump policies.

"We see India as a relative beneficiary, due to its domestic demand-driven growth model and benefits from lower commodity prices, supply chain shifts and on foreign policy."

The report however adds that "India and the US share deep economic and strategic interests that are unlikely to be compromised, irrespective of the election outcome. The US also sees India as a strategic counterweight to China on foreign policy. India is a large, domestic demanddriven economy, so the economic fallout of weaker US economic growth should be limited."

Any frictions on trade and immigration under Trump Presidency will be offset by the gains accruing to India from the ongoing supply File Photo chain shifts, as de-risking from China will gather momentum.