Economist Explains What Trump's Setback Means For India
\n\nThe outcome of the US midterm elections, which saw US President Donald Trump's Republican Party suffer a major setback as Democrats secured control of both chambers of Congress, could have significant implications for India's economic and trade outlook. The shift in the balance of power in Washington could influence the Trump administration's ability to push through its policy agenda, particularly on trade, tariffs, immigration and international economic relations.
\n\nStunning rebuke to Trump, with Democrats sweeping both chambers plus ending unified Republican control of Congress. The scale of the Democrat win is unprecedented in two decades. Some market moves post this are noise, but others may signal a lasting shift.
\n\n"Broad voter fatigue with the Iran war, and lost political capital could push Trump toward an Iran deal in the coming quarters. Near-term policy swings may persist, keeping Brent volatile before it eases more durably," Madhavi Arora, Chief Economist, Emkay Global said.
\n\nFor India, there is a clear macro positive as we see FY27 CAD/GDP at 1.7%/1.4% at $100/$90 Brent, she said.
\n\nIndustrial metals face a slightly mixed near term picture: mild temp headwinds for copper and power-related metals, if AI and data-centre…
Original source: https://www.timesnownews.com/business-economy
