The Republican and Democratic Campaigns both made it clear that the next president of the U.S. will affect the trading partners of the nation along with their economies. India’s implications will not be as drastic as China’s and Russia’s. In fact, the Indian economy is doing so well at the moment that it will be less impacted by who becomes President.

The Republican candidate Donald Trump has made international trade a recurring subject throughout his campaign. The candidate has spoken about ending negotiations with several countries.

The implications of change may not hinder India’s remarkable growth over the past years. There are several factors that contribute to the country’s success; importation of oil has proven efficient in job creations. It is predicted that over 85% of Indian companies have hiring plans and government salary increases. Investors are continuously attracted into new products by the technology industry.

However, there are questions for Indians living in America. Hilary Clinton has spoken against unchecked outsourcing and called for elimination of tax breaks that encourage outsourcing.

A worrying aspect is that the Indian software industry relies on the U.S. in a large manner for its exports. Though it is tougher for charge taxes on a code than on shipments from China, it is expected to negatively impact the Indian software Industry.

The race has come to an end and the results will be out shortly. However only time will tell how this election will affect India. If you are worried about your finances and how they will be impacted, contact deVere India today!