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Trump's second coming: What it means for the global economy and India's next move

The article from Business Today discusses the potential implications of Donald Trump's possible return to the White House in 2024 on the global economy and India's strategic responses. It highlights Trump's previous policies like tax cuts, deregulation, and protectionist trade measures, which could again influence global trade dynamics. Analysts suggest that a second Trump term might lead to heightened trade tensions, particularly with China, and could result in a more isolationist U.S. foreign policy. For India, this scenario presents both challenges and opportunities: challenges in terms of potential trade barriers and geopolitical shifts, but opportunities in sectors like defense, pharmaceuticals, and IT, where India could leverage its strengths. The article also speculates on India's need to diversify its trade partners, enhance domestic manufacturing capabilities, and possibly renegotiate trade deals to mitigate risks associated with a Trump-led U.S. policy shift. Furthermore, it touches upon the need for India to strengthen its position in global supply chains and prepare for a more protectionist world economy.

Read the Full Business Today Article at:
[ https://www.businesstoday.in/magazine/cover-story/story/trumps-second-coming-what-it-means-for-the-global-economy-and-indias-next-move-455931-2024-12-02 ]