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.
This story is from the November 04, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the November 04, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Test
Test
Robust exports drive Bajaj Auto PAT up 8%
Outbound shipments hit 500K units after 9 qtrs; Chetak margins improve
Hyundai India profit slips 19%
India's second-largest carmaker, Hyundai Motor India (HMIL), posted a 19 per cent decline in consolidated net profit for the October-December quarter (Q3) of 2024-25 (FY25), at ₹1,161 crore, compared to ₹1,425 crore during the same period in 2023-24 (FY24).
Bajaj Finance a hot pick after strong Q3 showing
Stock reclaims Mt 8K intraday after 15 mths
Samara-backed SMT, More Retail gear up for listing
Sahajanand Medical Technologies (SMT), an Indian cardiovascular device maker backed by private equity firm Samara Capital, is preparing for an initial public offering (IPO) worth around ₹1,500 crore, said two top executives of Samara.
Maha Kumbh stampede: Crowd management efforts ramped up
Millions of devotees flocked to the Triveni Sangam and other ghats at the Maha Kumbh to take a dip on Thursday with the Uttar Pradesh government ramping up efforts to ensure crowd management and safety of people a day after the stampede tragedy.
May Consider Applying for Universal Bank Licence in Two Years
India's first small finance bank (SFB) is aiming to apply for the universal bank licence in the next two years. In a virtual interview, Capital Small Finance Bank Managing Director and Chief Executive Officer SARVJIT SINGH SAMRA tells Harsh Kumar that the SFB will continue to expand its presence beyond the northern part of India in the upcoming financial year. Edited excerpts:
Benchmarks extend gains for third day
Extending the winning run to the third day, benchmark indices Sensex and Nifty closed higher on Thursday on buying in heavyweight stocks Reliance Industries, Bharti Airtel, and HDFC Bank.
India's foundation AI model in months
Vaishnaw says Meity working with experts to build framework
Retail biz was slow initially, now there is sense of positivity
Urban consumption has shown some green shoots since Makar Sankranti and is expected to improve for the rest of the year, says GAUTAM SINGHANIA, chairman and managing director of Raymond. In an interview with Dev Chatterjee and Sharleen D'Souza in Mumbai, Singhania says the group is moving to an asset-light strategy. Edited excerpts:
