Donald Trump Becomes 45th US President: What it Means For India

Republican Donald Trump stunned the world on Tuesday by defeating heavily favored Hillary Clinton in the race for the White House, ending eight years of Democratic rule and sending the United States on a new, uncertain path.

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.

Here is a lowdown on the implications Trump’s policies as the US President could have for India.The Tax Plan (-)

- Has plan to reduce corporate tax in U.S. from currently 35% to 15%

- Would make U.S. one of the most attractive destination in business world and this could lure back U.S.’ business in India to American soil.Plan to curtail Chinese Trade (+)

- Has threatened to label China as a currency manipulator and has called for imposing higher tariffs on Chinese goods.

- Will boost Indian pharma, computer and telecom equipment exports to U.S.Also Read: Top Goals for President Donald Trump, hurdles in front of him

Cutting Down Immigration (-)

- Has called for making Americans being prioritised for open jobs and restricting skilled visas to make more jobs available to Americans.

- Bad news for top Indian IT companies that make their billions by using the H1B visa programme that allows low cost skilled Indians to work in the U.S.

Reviving the American Economy (+)

- Plans to boost GDP growth to 4% by adding 25 million jobs over the next decade.

- Would mean an enhanced role for private businesses in creating jobs and enhanced opportunities for big businesses in India but also smaller ones to invest in the U.S.Foreign Policy and Terrorism (+)

- 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.The Energy Plan (+)

- Trump has promised to unleash America’s shale oil, natural gas and coal reserves to make U.S energy self-sufficient.

- India’s dependence on OPEC will end and opening up of the US oil sector could lead to price stability.Scrapping Obamacare (-)

- Has vowed to scrap the scheme aimed at providing affordable healthcare to Americans.

- That could be bad news for the Indian pharma sector.Also Read: At Under $5 each, Donald Trump's Votes Came Cheap