Make In India in Trouble? 6 Concerns Raised By Trump’s Return
By Gaurav Kandari | November 16, 2024
While Trump’s tough stance on China is expected to escalate tariffs, India stands ready to fill the gap–particularly in sectors like electronics, chemicals, and automotive.
Trump’s Return: The China +1 AdvantageAverage Salary: $170,338
With reducing dependence on Chinese imports, India’s CDMOS can step up—with lower costs and expertise, which already positions Indian firms as key players in the market.
Pharma’s Golden Hour, or Is It?
Modi and Trump’s long-standing camaraderie could reignite strategic partnerships, including but not limited to defense, counter-terrorism, and a shared outlook against China’s influence in Asia.
Stronger US-India Ties
A stronger U.S. economy implies a retail demand boost, which means the opening of new doors for Indian textile and apparel exporters. Make in India could soon be going global!
This could mean access to critical tech, including the long-awaited GE jet engine transfer. It also implies growth, especially in India’s ambitions to become a global powerhouse.
IT and Tech Boost
Despite the potential for India’s Make in India initiative to soar to new heights, the same cannot be said for Indian students–with Trump’s protectionist stance set to impact H1B Visa seekers.
Challenges to VISA
However, worry not! This period of uncertainty is just the chance for you to explore study-abroad destinations beyond the usual names. Wondering how to? Contact Admissify to learn more.