InvestorQ : What will be the impact on the Indian Economy if Joe Biden wins the USA election?
Suresh Patil made post

What will be the impact on the Indian Economy if Joe Biden wins the USA election?

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Rashi Mehra answered.
4 weeks ago
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There are 3 things you must know on the economic implications if Biden comes to power.

· Biden is most likely to adopt a pro-China policy and that means the advantages that India enjoyed under Trump at the cost of China may not exist any longer. That is something to keep in mind.

· Biden is likely to cut back on the tax benefits offered to corporates. This is likely to impact the spending ability of these US companies and indirectly it would impact the demand for IT services. However, this impact would be marginal.

Lastly, the anti foreign policy that Trump adopted pertaining to IT and pharma will likely give way to a more rational policy. That could be a big positive.
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