Harsh Goenka discusses Trump's return and its potential impact on India's economy and US relations
Donald Trump’s recent victory over Kamala Harris marks his return to the White House, raising questions about its impact on India. Indian businessman Harsh Goenka suggests this could reshape trade and strategic partnerships between the U.S. and India. Goenka highlights potential benefits for India, including increased manufacturing investments as U.S. firms seek alternatives to China. He also notes that lower oil prices from Trump’s fossil fuel policies could reduce India's import costs and inflation. However, Goenka warns of possible pressures for India to increase U.S. imports and tighter H-1B visa rules affecting Indian professionals. He believes that strengthened defense ties and a softer stance on Russia could enhance India’s strategic position.