financetom
Economy
financetom
/
Economy
/
India expects policy continuity with US regardless of election outcome, official says
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
India expects policy continuity with US regardless of election outcome, official says
Nov 9, 2024 11:10 AM

SINGAPORE (Reuters) - India expects "policy continuity" with the United States no matter what the result is in the U.S. presidential election, the country's chief economic adviser told Reuters.

India's Chief Economic Adviser V. Anantha Nageswaran was speaking to Reuters in Singapore just as Republican Donald Trump declared victory in Tuesday's election.

"To a large extent, it will be policy continuity either way. So there'll be variations by degrees," Nageswaran said.

"We will deal with whoever America chooses to elect as president."

Nageswaran said he expects economic relations with U.S. also to remain steady.

In September, Trump called India a "very big abuser" of the trade relationship between the two countries, but softened the blow by saying Prime Minister Narendra Modi was "fantastic."

Democratic President Joe Biden's administration rolled out the red carpet for Modi in June last year, touting deals in defence and commerce.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
NY Fed details likely looming rise in troubled student loan borrowing
NY Fed details likely looming rise in troubled student loan borrowing
Mar 26, 2025
NEW YORK (Reuters) - The end of various pandemic-era student loan support programs likely portends a rise in credit issues for borrowers, although it will take time to understand the full extent of the problem, New York Federal Reserve researchers said on Wednesday.  We expect to see more than nine million student loan borrowers face substantial declines in credit standing...
Fed should stay put for extended period amid policy uncertainty, Kashkari says
Fed should stay put for extended period amid policy uncertainty, Kashkari says
Mar 26, 2025
(Reuters) - Minneapolis Federal Reserve Bank President Neel Kashkari on Wednesday said he's uncertain about the effect of President Donald Trump's tariffs on the U.S. economy, with the possibility that they could push up prices arguing for higher interest rates, and the chance that they could slow economic growth calling for reducing borrowing costs. Together those forces are kind of...
Front-loading ahead of tariffs boosts US durable goods orders
Front-loading ahead of tariffs boosts US durable goods orders
Mar 26, 2025
WASHINGTON (Reuters) -Orders for long-lasting U.S. manufactured goods unexpectedly rose in February as businesses rushed to avoid potential price increases from tariffs, likely boosting capital expenditure in the first quarter. But the report from the Commerce Department on Wednesday did not change economists' expectations that economic growth was slowing considerably in the first quarter as businesses and households grapple with...
US oil and gas activity edged up in the first quarter, Dallas Fed says
US oil and gas activity edged up in the first quarter, Dallas Fed says
Mar 26, 2025
HOUSTON (Reuters) - Activity in the U.S. oil and gas sector increased slightly in the first quarter of 2025, but uncertainty and pessimism among companies also rose, a Dallas Fed survey showed on Wednesday. U.S. President Donald Trump has promised to unleash U.S. energy dominance, declaring a national energy emergency on his first day in office. Yet many in the...
Copyright 2023-2025 - www.financetom.com All Rights Reserved