Begin typing your search above and press return to search.

Indian Economy at Stake: US Elections Impact on Trade!

As the storm clouds of the upcoming US elections gather the winds of change are set to blow through the voting booths.

By:  Tupaki Desk   |   19 Oct 2024 7:08 AM GMT
Indian Economy at Stake: US Elections Impact on Trade!
X

As the storm clouds of the upcoming US elections gather, the winds of change are set to blow through the voting booths, particularly with the young electorate at the forefront. With millions of first-time voters from Gen Z and a sizable number of millennials, this demographic could very well tip the scales in what promises to be a close race between the candidates. Yet, both candidates face a formidable challenge in connecting with these young minds, especially Donald Trump, who is the oldest presidential candidate in history. Understanding the issues that resonate with this generation is crucial for both sides.

In contrast to previous elections, young voters are shifting their priorities. While social justice and climate change once dominated their concerns, today’s economic landscape has forced them to focus on immediate financial issues. Job prospects, inflation, and student debt have taken center stage as they navigate a nationwide financial crisis. Historically, new voters have shown lower turnout rates compared to their older counterparts, but this year’s election may see an increase due to various motivating factors.

Economic pressures are weighing heavily on young voters, particularly as the burden of student loans looms large. Additionally, the proliferation of political content across social media platforms has emerged as a significant catalyst, encouraging young people to engage in the electoral process. This shift has prompted candidates like Kamala Harris and Trump to bolster their digital presence, as the candidate who recognizes and addresses the economic struggles of these voters stands to gain their support.

The stakes are high not just for the candidates but also for global economies, including India’s, as the new US President wields immense power over economic policies that can ripple worldwide. With Trump hinting at raising tariffs on Indian goods and tightening immigration, the implications for India’s trade relations are significant. In contrast, Kamala Harris may aim to foster diplomatic ties that benefit Indian-American relations. As the election approaches, one must ponder: which candidate will ultimately shape the future of US-India relations and how will their policies impact the global landscape?