Live
- Vidhu Vinod Chopra embraces realism
- Maharashtra election result reflects people's trust in PM Modi: Chandrababu Naidu
- Maharashtra has rejected Rahul Gandhi & Congress: Tamilisai Soundararajan
- Roads blocked with containers, army called in as Pakistan seals capital Islamabad ahead of PTI protest
- ISL 2024-25: NorthEast United forward Alaaeddine Ajaraie named Player of the Month
- MahaYuti’s landslide win a major boost to make Maharashtra a $1 trillion economy
- Regional parties will continue to be future of Indian politics, says BRS
- Most Americans not aware that alcohol ups cancer risk: Survey
- Bengal bypolls: Trinamool Congress sweeps up all six Assembly constituencies, Mamata thanks voters (4th Lead)
- BJP wins five Rajasthan bypolls seats, Congress one
India under Trump 2.0 could bolster its position in global supply chains
As Donald Trump returns as the next US President, India could actually bolster its position in global supply chains, particularly in technology sectors like AI and semiconductors, due to previous investments and policy shifts such as the "China+1" strategy, according to a report on Saturday.
New Delhi : As Donald Trump returns as the next US President, India could actually bolster its position in global supply chains, particularly in technology sectors like AI and semiconductors, due to previous investments and policy shifts such as the "China+1" strategy, according to a report on Saturday.
The potential for higher US corporate tax cuts may enhance IT spending, benefiting Indian IT companies, according to the report by Motilal Oswal Private Wealth (MOPW).
“Indian businesses in sectors such as pharmaceuticals and defence might also find new opportunities, especially if US-India collaboration strengthens in response to a more robust Indo-Pacific defence strategy,” the report mentioned.
Trump's second term is filled with both promises of economic growth and challenges of global trade tensions.
The strength of the US dollar and fiscal policies could significantly influence global markets, driving various strategic realignments. As policies unfold, countries and sectors must remain nimble to adapt to the evolving landscape fuelled by “Trump II.”
According to the report, Trump's 'America First' policy could reshape international trade. His approach involves reducing imports, particularly from China, to bolster US manufacturing.
Emerging markets face a mixed bag of challenges and opportunities.
Some countries could see increased costs for exports due to a stronger dollar and higher tariffs, particularly affecting IT and pharmaceutical sectors. Conversely, nations like Mexico may benefit by diverting manufacturing operations from China.
Geopolitically, Trump's policies are likely to intensify tensions with China and could alter alliances, as countries like Japan and South Korea reassess their strategies.
According to the report, the EU may seek to become more self-reliant and potentially foster new alliances beyond the US sphere of influence.
Meanwhile, Trump's protectionist trade policies and their impact on India need to be watched out for in the coming months, it noted.
