Donald Trump Wins US Election: Republican candidate Donald Trump has won the presidential election in America. With this, his return to the most powerful chair of the most powerful country in the world has been decided. Trump will once again return to the White House, the US presidential palace, after being out of power for almost 4 years. Although Trump’s relations with Indian Prime Minister Narendra Modi are considered very friendly, but this alone is not enough in international relations. Along with personal relationships, the coordination or conflict of mutual interests of the two countries decides the direction of policies. In this respect, how Trump’s second term will be for India will be known only after he takes charge in January, but some glimpse of it can definitely be found in the old policies and statements of the newly elected President of America.
Will keep an eye on challenges along with opportunities
If Donald Trump becomes the President of America again, a new round of opportunities and challenges can be seen in the mutual relations between India and America. If India can get some benefits under his leadership in areas like trade, defense and energy, then due to his America First policy, some challenges can also come to the fore. Amidst these possibilities and challenges, we will try to understand in 10 points what Trump’s victory means for India.
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1. Changes in India-US trade relations
Due to Trump’s America First agenda, India may have to face new challenges in trade. He had earlier also called India a “tariff king”, indicating that trade rules may become stricter if he becomes president again. Due to this, India may have to change its business strategies so that it can maintain its presence in the American markets.
2. India’s exports and trade balance
America is India’s largest export market. Indian exports may be under special scrutiny during Trump’s tenure, especially if the imbalance in the US trade balance increases, which is likely to happen. If this happens, then Indian companies in sectors like IT, pharmaceuticals and textiles may have to face some difficulties in the American market.
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3. Benefits of China Plus One Strategy
Trump’s tough stance towards China can be beneficial for India. If America weakens the supply chain from China, India may get trade and investment opportunities. Overall, during Trump’s tenure, India can become a reliable partner of America under the “China + 1” policy.
4. India-US defense cooperation
The friendship between Trump and Modi had strengthened defense relations in the last term. If Trump becomes President again, there is a possibility of further increase in defense cooperation with India. If this happens, India’s access to America’s modern defense technology may increase.
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5. Opportunities in energy sector
India-US energy cooperation may get further strengthened if Trump becomes President. They can insist on increasing the supply of crude oil to India and taking forward partnership in the energy sector. This can help India in meeting its energy needs.
6. Impact on IT and service sector
America is the biggest market for Indian IT service companies. If Trump insists on protectionist policies, there may be pressure on these companies. Especially if the Trump government tries to curb the employment of people coming from other countries to America and adopts visa restrictions and other strict policies, then the challenges for Indian companies may increase.
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7. Limited impact on pharmaceutical sector
Trump has not yet shown any indication of placing much emphasis on the pharmaceuticals sector. Therefore, there will be relatively less impact on Indian pharmaceutical companies. But if American policies related to import of medicines are tightened after he becomes President, then the export of Indian medicines may be affected.
8. Benefits to India’s metals and commodity exports
If America imposes more restrictions on Chinese metals during Trump’s tenure, it may benefit the export of Indian metals and other commodities. In such a situation, opportunities may increase for Indian metals exporters.
9. Impact on Indian textile sector
If America imposes higher tariffs on Chinese textiles, there may be an increase in demand for the Indian textile industry. With this, Indian companies can get more export opportunities.
10. India-US partnership in foreign policy
If Trump becomes President again, mutual cooperation and partnership between India and America in matters of foreign policy can increase significantly. Under the leadership of Trump and Modi, both the countries can work together to control the growing influence of China.
