Published 09:10 IST, November 7th 2024

Donald Trump returns: Cheaper energy, better exports... - What could India gain | VIDEO

India's trade relations with the United States could experience shifts as Trump’s protectionist stance influences global tariffs.

Reported by: Business Desk
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Donald Trump with JD Vance | Image: AP
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Trump’s return to White House: As Republican Donald Trump returns to power as President of world's biggest ecomy after his historic win over Kamala Harris, India Inc is eyeing new opportunities in land of free. 

As India and United States mark 25 years of strengned bilateral ties, Trump's relationship with Prime Minister Narendra Modi promises to d momentum to partnership. 

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Trump’s presidency could have significant implications for India, spanning tre, energy, manufacturing, and defence. 

Trump’s regime to boost Indian tre

Tre relations could experience shifts as Trump’s protectionist stance influences global tariffs. While his policies on higher tariffs target China, re could be indirect benefits for India’s ‘Make in India’ programme. 

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Indian companies may find new market opportunities in US, given tariffs on Chinese goods and likely shift in global supply chains. ditionally, Indian exporters, particularly in manufacturing, may capitalise on increased demand for alternative sources in American markets.

Energy companies eyeing Trump’s return

energy sector could also stand to gain. Trump’s policies on energy security and possible easing of tre restrictions could provide Indian oil companies with more affordable options and potentially stabilise energy costs. 

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India, which has benefitted from sanctions on Russia through secondary tre, may continue to see vants under Trump’s ministration, especially if US pursues similar foreign policy alignments.

Focus on defence

In defence, Trump's presidency is expected to accelerate collaborative projects and investments in sector, building on recent agreements between two nations. This would offer India a chance to diversify its defence procurement away from its reliance on Russia, with potential for American defence techlogy and capital investment. 

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Indian and American companies could see shared benefits in a defence sector aimed at self-reliance and enhanced production capacity.

domestic markets have alrey reacted positively to Trump’s election, reflecting optimism that his presidency may favour ecomic policies supportive of investment and growth. 

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With Modi and Trump’s close rapport, India looks poised to gain from an ministration that is likely to prioritise strategic partnerships, ecomic engment, and a resilient bilateral relationship.

09:10 IST, November 7th 2024

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