By admin 
ANI |
Updated: November 7, 2024 8:52 AM IST
Chennai (Tamil Nadu) (India), November 7 (ANI): With Donald Trump appointed as the President of the United States of America, Indian economist Suriya Narayan on Thursday morning said his victory would be beneficial for India when the time comes. export (trade). Trump’s overtaking in the US elections offers India huge export potential as the newly elected president claims to impose a 60 percent duty on Chinese goods, he added.
“Today is a good day for India. The election of Trump as US President will have a multi-faceted impact on the Indian economy, international economy, global trade and peace. These elections will have different aspects. Overtaking Trump (in elections) gives India a lot of export potential because Trump has stated several times in his election speeches that more than 60 percent import duties will be imposed on Chinese goods. This means that this is an opportunity for India to export goods, especially exports of agricultural products and other products related to pharmaceuticals,” Narayan said while talking to ANI.
The Economist further said that India has the opportunity to export more goods to the US, including agri and pharmaceutical goods.
“India is already at the top when it comes to exporting pharmaceutical goods to the US. Many pharmaceutical companies export their products to the US. Now it is a great opportunity for India to export more goods. Our Prime Minister Narendra Modi is very close to being a friend of Trump. This (Trump’s victory) will have a big effect. Today morning, Prime Minister Modi had a detailed discussion with Trump about their upcoming meeting,” Narayan said.
Implying that Trump will also be good for the European economy, the economic expert said: ‘From day one, Trump’s main promise has been to stop the war between Russia and Ukraine. The war has consequences for the entire European economy. is an outreach and hope to the world that the European economy will flourish. More so, it also affects India. Exports coming from China (to the US) will slowly be replaced by exports from India as well as arms and ammunition will increase exponentially.”
The vote on Indian origin made a huge difference in electing Trump over Kamala Harris, he added.
Meanwhile, Indian-Americans are celebrating Donald Trump’s victory in the presidential election and expressing optimism about the potential benefits for the economy, border security and world peace.
Donald Trump has secured a second term as president after winning crucial battleground states. The victory marks a major comeback for Trump, who lost his 2020 re-election bid to President Joe Biden.
Avinash Gupta, president of the Foreign Indian Association, believes Trump’s good rapport with Prime Minister Narendra Modi will strengthen India-US ties. He cited local factors such as inflation, open borders and ongoing wars as key concerns influencing Indian-American voters.
Earlier, Professor C Santhamma, wife of US Vice Presidential candidate JD Vance, Usha Vance, spoke to ANI and expressed her happiness after the US polls.
“Of course I feel happy. She belongs to our family and that is the most important thing,” she said, adding that her relationship with Vance came through her husband, who has five brothers and the eldest brother has four children. “Usha is the daughter of one of his sons,” she said. (ANI)