PM Narendra Modi dialled Donald Trump to congratulate him on profitable the US polls
New Delhi:
Prime Minister Narendra Modi dialled President-elect Donald Trump to congratulate the American chief on profitable the fiercely contested US presidential election. Each leaders agreed to work collectively for world peace.
Mr Trump in his victory speech right this moment mentioned 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 warfare in Ukraine.
President-elect Trump conveyed within the telephone name that “the entire world loves PM Modi”, and that India is “a powerful nation” and PM Modi is a “magnificent man”, sources mentioned. Mr Trump advised PM Modi that he considers him and India a real good friend, sources mentioned, including PM Modi was one of many first world leaders Mr Trump spoke to after his victory.
PM Modi additionally posted in regards to the telephone name on X. “Had an important dialog with my good friend, President Donald Trump, congratulating him on his spectacular victory. Wanting ahead to working intently collectively as soon as once more to additional strengthen India-US relations throughout know-how, defence, vitality, area and a number of other different sectors,” PM Modi mentioned.
Had an important dialog with my good friend, President @realDonaldTrump, congratulating him on his spectacular victory. Wanting ahead to working intently collectively as soon as once more to additional strengthen India-US relations throughout know-how, defence, vitality, area and a number of other different sectors.
— Narendra Modi (@narendramodi) November 6, 2024
India is not any stranger to Mr Trump’s model of working. Each nations have seen ups and downs throughout Mr Trump’s final reign as US President from 2016 to 2020. Whereas Mr Trump had been supportive of India on the battle towards international 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 rules.
PM Modi’s pleasant ties with Mr Trump can have a constructive bearing on Indo-US relations, however India might should adapt its methods to keep up cooperation in areas of mutual curiosity, consultants advised information company PTI.
“Trump’s presidency is usually a new alternative for India. Trump will impose tariffs and import restrictions on nations that he thinks usually are not pleasant to the US, like China and even some European nations, and this will open markets for Indian exports,” former Vice Chairman of the federal government’s suppose tank NITI Aayog Rajiv Kumar mentioned.
Barclays, in a analysis report on Wednesday, mentioned commerce coverage is the place Mr Trump is prone to be “most consequential” for rising Asia, which incorporates India and China.
Nevertheless, some consultants say Mr Trump’s commerce protectionist views may have some unfavourable influence on India’s exports and would possibly exert some strain on the rupee within the quick time period. Since Mr Trump’s protectionist philosophy of economics is well-known, the method of globalisation might change into extra strategic and fewer truthful to rising economies, together with India, Nationwide Institute of Public Finance and Coverage visiting Professor Pinaki Chakraborty mentioned.
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 may depend upon the brand new US President’s isolationist “America First” international coverage.
With inputs from companies