Trump’s exit is believed to increase the fund outflow from the US as there is a perceived notion that the Biden administration will be less right-leaning and business-friendly.
The imminent exit of the US President Donald Trump may bring more investments into India while some of the policies initiated by Trump, particularly relating to climate change, are also likely to be reversed. These policy reversals are expected to augur well for India’s burgeoning alternate energy sector, with renewed vigor in the US ecosystem to seek and fund growth opportunities internationally, Utkarsh Sinha, Managing Director, Bexley Advisors, a boutique investment bank firm, told Financial Express Online. Since India would be well-positioned for the increasing usage of green energy, the country could gain significantly from this shift, Utkarsh Sinha added.
Trump’s exit may bring more investments into India
Trump’s exit is also believed to increase the fund outflow from the US as there is a perceived notion that the Biden administration will be less right-leaning and business-friendly. This will create opportunities both for FDI and FII outflows, and given the global conditions, India is well-positioned to make the most of it. “Particularly as it would take a while for relationships with China to normalize, and given the soft-connects that both Biden and Harris have with India, it would not be surprising to see even administration driven efforts to channel some of those investments towards India,” Utkarsh Sinha underlined.
Source: Financial Express