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..:)