Donald Trump Wins US Election 2024: Effect the Indian and Global Markets

Donald Trump has made a historic comeback, winning the 2024 US presidential election against Vice President Kamala Harris. Donald Trump's victory marks his return to the White House as the 47th president, making him only the second president in US history to serve non-consecutive terms. Trump won crucial states and secured 277 electoral votes compared to Kamala Harris's 224; the prediction was that the race would be closer. This US 2024 Election may impact not only the United States but also global markets, including India.

The Election Landscape

The US 2024 election was a election between Donald Trump and Democratic nominee Kamala Harris. The key issues highlighted include inflation, healthcare, job security and many more. Both candidates presented different visions for America's future. Trump talks in his campaign focusing on building up the economy through tax cuts and deregulation, while Harris emphasized support for the middle class and women's rights.

The election saw Trump reclaiming critical swing states like Pennsylvania, Georgia, and Wisconsin, which secured his place back in the White House.

Trump's victory speech celebrated what he termed a "Magnificent Victory for the American People" and showed a robust Republican wave that swept through key congressional races as well. 

US election 2024 victory of Donald Trump not only reinforces his influence within the Republican Party but also signals a shift back to his "America First" policies, which include strict immigration controls and a confident stance on trade.

Implications for Global Markets

US election 2024 Donald Trump's Victory might have a significant effect on global markets, particularly in sectors closely tied to US economic policies. Donald Trump's administration is likely to continue its tough stance on China, which might have led to increased tariffs and trade restrictions that could affect and improve supply chains globally.

This environment may benefit countries like India as businesses look to diversify their supply chains away from China—a strategy known as "China+1."

How Will It Affect Indian and Global Markets?

The implications of Trump's presidency would be seen beyond US borders, such as could affect Indian markets and global financial systems. Historically, Trump's policies have led to increased volatility in global markets due to his unpredictable approach to trade and foreign relations. Investors reacted with fear and cautiously to his administration's decisions regarding tariffs and international agreements.

In India, the stock market may experience fluctuations as investors would settle down later on how Trump's return will impact US-India relations, especially concerning trade agreements and defence partnerships. The US dollar's strength could influence forex markets globally, affecting currencies like the Indian rupee.

Donald Trump will take office in January 2025, investors will closely monitor his economic policies and their potential ripple effects on both emerging markets like India and established ones like Europe and Asia149. The uncertainty surrounding his foreign policy approach could influence the fear factor, and cautious trading strategies adopted by the investors would be seen.