Impact of Obama's triumph on India

Impact on India
Focusing on the economic interests alone, Indo-US relations are in for a long haul.
Our bilateral trade is expected to cross a record $100 billion this year and more importantly a huge number of Fortune 500 companies continue to have strategic business interests in India with perhaps the highest exposure in the Indian IT Industry.
But Obama has set a limit of 65,000 on H-1B visas for software engineers to enter the US, and India's share in this is just 7%. Moreover, Obama has cracked down on L-1 visas — Infosys  complains that half its applications for such visas have been rejected. Obama's victory means India will face four more years of anti-visa pressure. He also wants to discourage US investment abroad of the sort that exports jobs. India has been the recipient of precisely such investments — IBM and Accenture now have more employees in India than in the US. Stiffer tax rules on such companies could impact future investments.

Obama prides himself on being a green enthusiast. There is growing green pressure in the US to oblige India and China to slash carbon emissions, which are growing because of rapid increase in coal-powered electricity. US greens want new trade barriers against countries whose imports are competitive because they have lighter environmental standards (especially on carbon) than the US — the greens call this environmental dumping. Obama will seek stronger action from India and China, but it remains to be seen how discomforting that is.

Collaboration is key to survival in today's uncertain world. I hope in the 45th tenure of US Presidency this one thought will reign supreme above all lines..:)

Obama back with a bang.. !!!

US elections are culminated with the victory of Barrack Obama.Winning of Obama marks innovation in the US is good for the US, but it is also good for the rest of the world, as computers, mobile phones and the internet, for example, demonstrate. Obama stands for inclusive growth, accommodation of immigrants and equality of opportunity, and Romney stood for the opposite.
Now it can be expected that the fiscal cliff($600 billion) i.e. combination of expiring taxes and overboard government spending cuts will be fixed by working on monetary policy,easing interest rates and quantitative easing(QE).As the president will do something to minimize the effect of tax increases and spending cuts.
All over the world markets and price of different commodities increased, Dow Jones
industrial futures up 0.1 per cent to 13,213 and S&P 500 futures adding 0.1 per cent to
1,426.90. Britain's FTSE 100 rose 0.3 percent to 5,899.13. Germany's DAX rose 0.6 per cent to 7,419.95. France's CAC-40 rose 0.8 per cent to 3,507.30. Crude oil jumped to $88.72 per barrel,the euro rose to $1.2845.
A win for Obama is a positive for the capital market as that would ensure flow of Foreign Institution Investors(FII) money into India by continuing the QE thing which allows buying of shares worth $40 billion per month ensuring enough liquidity.
Obama's victory means that the hope of disciplining global finance stays alive and that fiscal policies will be more responsible and supportive of near-term growth.
Obama's foreign policy, too, is more  adaptive to the more dispersed nature of global power.
Below is a breakdown of the possible implications by sector:-


1.Alternative Energy: Obama has said he will continue to support development of renewable energy technologies such as solar and wind, but he will need the support of Congress to extend or renew tax breaks that have underpinned the growth of those industries.

2.Healthcare: Hospitals and health insurers will benefit from the phased-in implementation of Obama's healthcare act, which requires most individuals to have health insurance.

3.Rundown: Under a Democratic government the industries most likely to benefit include healthcare facilities and services, food and staples retailers, home-building and life sciences tools and services.

4.Education-Govt will back taxes to avoid education cuts,less college costs,easy  funding in education/training programmes so that more people have an opportunity to be educated so that they can really be qualified thoroughly in their area of work.