{"id":662740,"date":"2024-11-05T21:15:57","date_gmt":"2024-11-06T01:15:57","guid":{"rendered":"https:\/\/www.malayalamdailynews.com\/english\/?p=662740"},"modified":"2024-11-05T21:16:33","modified_gmt":"2024-11-06T01:16:33","slug":"trump-vs-harris-how-will-next-us-president-impact-indian-economy","status":"publish","type":"post","link":"https:\/\/www.malayalamdailynews.com\/english\/662740\/","title":{"rendered":"Trump vs Harris: How will next US President impact Indian economy?"},"content":{"rendered":"<p><a href=\"https:\/\/www.malayalamdailynews.com\/english\/662740\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-662741\" src=\"https:\/\/www.malayalamdailynews.com\/english\/wp-content\/uploads\/2024\/11\/US-election-policy.jpg\" alt=\"\" width=\"800\" height=\"450\" \/><\/a>As Americans head to the polls today (November 5) to decide the next president, global markets and economies, including India\u2019s, watch closely. What would a win for either Republican Donald Trump or Democrat Kamala Harris mean for India\u2019s economy?<\/p>\n<p>The United States, the world\u2019s largest economy, is also one of India\u2019s largest trading partners, second only to China. Given the size of Indo-US trade, the economic policies of Trump and Harris carry implications for India\u2019s export interests, technology sector, and more. Here\u2019s a breakdown of how each candidate\u2019s victory could impact India\u2019s economy and daily life.<\/p>\n<p>One of Donald Trump\u2019s core policies is protectionism. If he returns to the White House, higher import duties could strain India\u2019s export industry. During Trump\u2019s previous term (January 2017 to January 2021), the compounded annual growth rate (CAGR) of Indo-US trade was 7.5%, compared to 9.2% under Joe Biden\u2019s term, as noted by PL Capital. However, Trump\u2019s tough stance on China could present opportunities for Indian businesses to capture market share previously dominated by Chinese exports.<\/p>\n<p>A Kamala Harris win could mean more H1B visas for skilled workers, benefiting India\u2019s large population of technology professionals. In contrast, Trump\u2019s policies have historically tightened H1B visa regulations. Since India receives the highest remittances globally, driven by professionals in the US, Harris\u2019s policies could support this economic pillar.<\/p>\n<p>Trump\u2019s pro-oil exploration policies could potentially reduce global crude oil prices, a favorable outcome for India\u2019s energy demands. Conversely, Harris is expected to champion renewable energy initiatives, aligning with India\u2019s push toward sustainability and clean energy goals.<\/p>\n<p>India\u2019s pharmaceutical industry could also see impacts depending on the winner. Trump\u2019s policies may offer favorable pricing for India\u2019s generic drug sector. Harris, on the other hand, could support Medicare expansion, which might also benefit Indian pharmaceutical companies that produce affordable generics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As Americans head to the polls today (November 5) to decide the next president, global markets and economies, including India\u2019s, watch closely. What would a win for either Republican Donald Trump or Democrat Kamala Harris mean for India\u2019s economy? The United States, the world\u2019s largest economy, is also one of India\u2019s largest trading partners, second only to China. Given the size of Indo-US trade, the economic policies of Trump and Harris carry implications for India\u2019s export interests, technology sector, and more. Here\u2019s a breakdown of how each candidate\u2019s victory could&hellip;<\/p>\n","protected":false},"author":23,"featured_media":662741,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47743],"tags":[],"class_list":["post-662740","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics"],"_links":{"self":[{"href":"https:\/\/www.malayalamdailynews.com\/english\/wp-json\/wp\/v2\/posts\/662740","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.malayalamdailynews.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.malayalamdailynews.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.malayalamdailynews.com\/english\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/www.malayalamdailynews.com\/english\/wp-json\/wp\/v2\/comments?post=662740"}],"version-history":[{"count":2,"href":"https:\/\/www.malayalamdailynews.com\/english\/wp-json\/wp\/v2\/posts\/662740\/revisions"}],"predecessor-version":[{"id":662743,"href":"https:\/\/www.malayalamdailynews.com\/english\/wp-json\/wp\/v2\/posts\/662740\/revisions\/662743"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.malayalamdailynews.com\/english\/wp-json\/wp\/v2\/media\/662741"}],"wp:attachment":[{"href":"https:\/\/www.malayalamdailynews.com\/english\/wp-json\/wp\/v2\/media?parent=662740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.malayalamdailynews.com\/english\/wp-json\/wp\/v2\/categories?post=662740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.malayalamdailynews.com\/english\/wp-json\/wp\/v2\/tags?post=662740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}