Trump's policies may open new doors for India's defence sector: Report

The “America First” trade policy advocated by President-elect Donald Trump aims to boost U.S. manufacturing by reducing imports, particularly from China, impacting global trade and geopolitics. India stands to benefit from potential collaborations in defense and pharmaceutical sectors, as well as from U.S. corporate tax cuts that could boost IT spending. However, challenges such as a stronger dollar and potential tariffs on Indian exports may strain the country’s trade balance.

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