PM Narendra Modi dialled Donald Trump to congratulate him on successful the US polls
New Delhi:
Prime Minister Narendra Modi dialled President-elect Donald Trump to congratulate the American chief on successful the fiercely contested US presidential election. Both leaders agreed to work collectively for world peace.
Mr Trump in his victory speech right this moment stated one of many first issues he would do is to cease wars. India, too, is a trusted mediator of each the West and Russia in calling for peaceable negotiations to finish the battle in Ukraine.
President-elect Trump conveyed within the cellphone name that “the entire world loves PM Modi”, and that India is “a powerful nation” and PM Modi is a “magnificent man”, sources stated. Mr Trump informed PM Modi that he considers him and India a real pal, sources stated, including PM Modi was one of many first world leaders Mr Trump spoke to after his victory.
PM Modi additionally posted concerning the cellphone name on X. “Had an awesome dialog with my pal, President Donald Trump, congratulating him on his spectacular victory. Looking ahead to working intently collectively as soon as once more to additional strengthen India-US relations throughout expertise, defence, vitality, house and a number of other different sectors,” PM Modi stated.
Had an awesome dialog with my pal, President @actualDonaldTrump, congratulating him on his spectacular victory. Looking ahead to working intently collectively as soon as once more to additional strengthen India-US relations throughout expertise, defence, vitality, house and a number of other different sectors.
— Narendra Modi (@narendramodi) November 6, 2024
India isn’t any stranger to Mr Trump’s fashion of working. Both nations have seen ups and downs throughout Mr Trump’s final reign as US President from 2016 to 2020. While Mr Trump had been supportive of India on the combat in opposition to world terrorism, the billionaire businessman had been extraordinarily powerful on tariffs on American items.
Mr Trump’s new presidency is prone to open new alternatives for India although sure sectors, particularly pharma and IT, might face the warmth if he decides to impose restrictions on imports and H1B visa laws.
PM Modi’s pleasant ties with Mr Trump may have a constructive bearing on Indo-US relations, however India might need to adapt its methods to keep up cooperation in areas of mutual curiosity, specialists informed information company PTI.
“Trump’s presidency generally is a new alternative for India. Trump will impose tariffs and import restrictions on nations that he thinks aren’t pleasant to the US, like China and even some European nations, and this could open markets for Indian exports,” former Vice Chairman of the federal government’s assume tank NITI Aayog Rajiv Kumar stated.
Barclays, in a analysis report on Wednesday, stated commerce coverage is the place Mr Trump is prone to be “most consequential” for rising Asia, which incorporates India and China.
However, some specialists say Mr Trump’s commerce protectionist views might have some unfavorable impression on India’s exports and would possibly exert some stress on the rupee within the brief time period. Since Mr Trump’s protectionist philosophy of economics is well-known, the method of globalisation might change into extra strategic and fewer honest to rising economies, together with India, National Institute of Public Finance and Policy visiting Professor Pinaki Chakraborty stated.
Mr Trump defeated the Democratic presidential candiate Kamala Harris in a shocking political comeback. World leaders swiftly pledged to work with Mr Trump, led by Israel and Ukraine the place the course of wars might depend upon the brand new US President’s isolationist “America First” international coverage.
With inputs from businesses