ANKIT K BHATT
Bucking media opposition, popular perception and Hillary Clinton’s vicious campaign, Donald Trump has emerged as the 45th president of the United States of America. Trump elucidated on his 15-point agenda in the run-up to the elections. If he decides to implement them, it could impact the Indian government, people and businesses in several ways.
The result of much-awaited election of world is finally out now. After 10-year tenure of Barack Obama who is considered as the most powerful president in the world, Donald J. Trump has won the election becoming 45th president of United States of America. He is the first person to become the president who doesn’t have a political background. He defeated Hillary Clinton by gaining a vote count of 276 out of 538. It is important to know what will be the impact of his victory on Indian economy. According to experts, trade agreements between India and America can get better after Trump’s victory and countries like China and Pakistan may have to suffer. As global market didn’t want Trump to be the president, impact of his victory can be seen on that as well. Let’s have a look how Trump’s victory will cause an impact on India and on its share market.
American share market suffered a great downfall after Trump’s victory in elections. According to a report, it was already predicted that share market will suffer a downfall and S&P will get down 3-5 percent. A sudden downfall is seen in American share after US elections and in other share market around the world.
During his campaign, Trump always criticized China and termed America as its biggest rival nation. This thing can prove profitable for India. He also said that after winning the elections, he will declare China as the nation who does great changes in currency. Besides, if China wouldn’t make changes in its agreement with America, he will impose a great tariff on it. As India is fighting against terrorism on India-China border from quite a long time, India will get a nation who will stand against China. China, especially the market of China will suffer a lot from Trump’s victory.
Donald Trump declared Pakistan as terrorist state who has given a shelter to terrorist. This rude attitude of Donald Trump against terrorism can make defensive and strategic partnerships of India and America much stronger. India’s biggest rival countries Pakistan and ISIS will get a new rival leader as Donald Trump. Trump has many times praised our PM Modi and had set his slogan ‘Abki Baar Trump Sarkaar’ on the slogan of Narendra Modi. Global markets including India’s were not expecting Trump’s victory because of which global market may take a huge turn. Trump’s America firs policy and re-consideration on other foreign trade agreements may have an impact on trade agreements between India and America. According to Trump, H1B visa program is inappropriate and he wants to end it. Many stock exchange companies of India and many other MNCs like TCS and Infosys may have to suffer from this. When it comes to India, Trump has always been a hypocrite. On one hand he says that India is emerging as a very powerful nation while on the other hand he says that he will take jobs back from all the Indians who are working in America. This may cause a trouble for all the Indians who are working there and for others who have business connections with American companies. This will also lead to no job opportunities for Indians in America.
Everybody knows that many prominent American companies like Microsoft invest in India. Trump is planning to cut down corporate tax in America from 35 percent to 15 percent. If this happens, then American companies like Ford, General Motors and Microsoft will shift their attention back on America. PM Modi’s scheme ‘Make in India’ may have to suffer a lot from it.
Everybody knows that many prominent American companies like Microsoft invest in India. Trump is planning to cut down corporate tax in America from 35 percent to 15 percent. If this happens, then American companies like Ford, General Motors and Microsoft will shift their attention back on America. PM Modi’s scheme ‘Make in India’ may have to suffer a lot from it.
American share market suffered a great downfall after Trump’s victory in elections. According to a report, it was already predicted that share market will suffer a downfall and S&P will get down 3-5 percent. A sudden downfall is seen in American share after US elections and in other share market around the world.
Trump has used strong words on the need to curtail ISIS and curb immigration from countries that export terror. This would comfort India, which has seen a surge in support for ISIS among its young population. If Trump fulfils his promise of restricting immigration, that would further hurt Pakistan. But what would truly be eagerly watched by the Modi government in India’s Trump’s controversial plan to establish a Commission on Radical Islam. Trump’s plan involves launching an ideological offensive that includes using the media as an instrument to inform people about the core ideology and convictions of radical Islam. Trump has also planned to expose networks in American society that promote radical Islam and rewarding people to report those exhibiting signs of radicalisation to authorities. This would come as a big boost to Modi government’s own domestic security policies which focusses on the need to curb growing Islamic radicalization in India. After coming to power, the Modi government has been proactive in using the National Investigative Agency (NIA) to apprehend people influenced by or supportive of ISIS. Trump’s ideological offensive against radical Islam could be a force multiplier for the Modi government. On the flip side, if Trump decides to walk the talk he could further alienate the Muslim community already apprehensive of a right wing government in India.