In the 2024 U.S. presidential race, Donald Trump and Kamala Harris have distinct economic and trade policies, with differing implications for the Indian economy.


 Donald Trump

Trump’s approach favors a "protectionist" stance, focusing on American interests and aiming to reduce trade imbalances with tariffs. If elected, he could reimpose import tariffs, especially on China, which could indirectly benefit certain Indian industries like auto, energy, and metals by reducing competition from Chinese imports in the U.S. However, Trump's policies may also increase global inflation, which could impact Indian exports and lead to higher prices globally【6†source】【7†source】.


 

 Kamala Harris

Kamala Harris is likely to continue many of the economic policies under the Biden administration, including strengthening U.S.-India ties, particularly in technology and clean energy. Harris’ administration would likely focus on maintaining low inflation, which could encourage more foreign investments, benefiting India’s service and IT sectors. She supports climate initiatives and could enhance collaborations in renewable energy, beneficial for India’s green technology sector 


Overall, Trump's policies could foster a competitive advantage for certain Indian sectors but might bring inflation and trade disruptions. Harris is expected to bring stability and continuity, especially in tech and green energy, and could sustain a favorable trade environment for India's economy