Trump's presidency may benefit India as trade diverts from China: Moody's

Quick Summary:

Donald Trump's presidency may see trade and investment flows diverting away from China as the US tightens investments in strategic sectors but this shift might benefit India and ASEAN countries, Moody's Ratings said on Friday.

In a second Trump administration, Moody's expects large fiscal deficits, protectionist trade actions, climate-measure rollbacks, a stricter stance on immigration, and easing regulations.

The November 5 election of Trump as the next US President will likely materially shift its policies from those of the current Joe Biden administration.

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Category: BusinessFinance

Markets: IndiaChinaUkraine

Topics: Trump's presidency ASEAN nations Investments Moody's Trade

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-08 @ 23:13:33 (10 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 381 words

Reading Time: 3 minutes read

Sentences: 10 lines

Sentence Length: 39 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23472326

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